Opinion
October 20, 2010.
ORDER
The Disciplinary Review Board having filed with the Court its decision in DRB 10-097, recommending that STEPHEN TSAI of BRANCHBURG, who was admitted to the bar of this State in 1992, be disbarred for violating RPC 1.1(a) (gross neglect), RPC 1.3 (lack of diligence), RPC 1.15(a) (failure to safeguard funds), RPC 1.15(d) (failure to comply with the provisions of Rule 1:21-6), RPC 8.4(c) (conduct involving dishonesty, fraud, deceit or misrepresentation), Rule 1:21-6 (recordkeeping violations) and the principles of In re Wilson, 81 N.J. 451, 409 A.2d 1153 (1979) and In re Hollendonner, 102 N.J. 21, 504 A.2d 1174 (1985);
And STEPHEN TSAI having been ordered to show cause why he should not be disbarred or otherwise disciplined;
And good cause appearing;
It is ORDERED that STEPHEN TSAI be disbarred, effective immediately, and that his name be stricken from the roll of attorneys;
ORDERED that STEPHEN TSAI be and hereby is permanently restrained and enjoined from practicing law; and it is further
ORDERED that all funds, if any, currently existing or hereinafter deposited in any New Jersey financial institution maintained by STEPHEN TSAI pursuant to Rule 1:21-6 be restrained from disbursement except on application to this Court, for good cause shown, and shall be transferred by the financial institution to the Clerk of the Superior Court, who is directed to deposit the funds in the Superior Court Trust Fund pending the further Order of this Court; and it is further
ORDERED that the entire record of this matter be made a permanent part of respondent's file as an attorney at law of this State; and it is further
ORDERED that respondent reimburse the Disciplinary Oversight Committee for appropriate administrative costs and actual expenses incurred in the prosecution of this matter, as provided in Rule 1:20-17.