...e principal fraudster.
The State Bar has acknowledged that this delay was the Bar’s fault and notes that the lawyer responsible is no longer employed by the Bar’s Office of General Counsel.
Williams pled guilty to a violation of Alabama Code §
8-6-3 (a), which says: “It is unlawful for any person to transact business in this state as a dealer or agent for securities unless he or she is registered under this article. It is unlawful for any dealer or issuer to employ an agent unless the agent is registered.” See also Bayhi v. State, 629 S2d 782, 789 (Ala. Crim.App. 1993) (explaining that to prove a violation of §
8-6-3 (a), ‘the state [must] prove that the defendant acted willfully in the sense that he was aware of what he was doing”).
The Bar acknowledged that Williams had asserted that he was informed by Alabama authorities that the State would con...