MEMBERS MARTIN M. DOCTOROFF CHAIRMAN
B,ERT
S. HARRISON VlCE CHAIRMAN HARLES C. VINCENT, M.D. SECilETAR Y
REMONA A. GREEN HANLN M. GURWIN PATRICK J. KEATING ODESSA KOMER
STATE OF MICHIGAN
JOHN F. VAN BOLT EXECUTIVE DIRECTOR 6 GENERAL COUNSEL
SUITE 12w 333 W. FORT STREET DETROIT. MICHIGAN 4 8 2 3 Area Code 313 963-5553
F i l e No. DP 20136 A r t h u r F. Raymond, P 28243, 61 Hawley Avenue, Hesper ia , M I 49421, by At to rney D i s c i p l i n e Board Muskegon Hear ing Panel . 1 ) Suspens ion - 120 days;
2 ) E f f e c t i v e February 26, 1987. Responden t was r e t a i n e d i n March 1982 t o a d m i n i s t r a t o r a d e c e d e n t ' s e s t a t e i n v o l v i n g l i f e i n s u r a n c e proceeds of $42,000 t o be e q u a l l y d i v i d e d b e tween two t e s t i m e n t a r y t r u s ts f o r t h e b e n e f i t o f d e c e d e n t ' s minor daughte r s . The Hear ing Pane l found t h a t a l t h o u g h Respondent purchased a c e r t i f i c a t e o f d e p o s i t f o r one o f the d a u g h t e r s i n March 1982, he t h e r e a f t e r n e g l e c t e d h i s d u t i e s as t r u s t e e by h i s f a i l u r e t o f i l e a n Inven tory f o r t h e t r u s t , h i s f a i l u r e t o o b t a i n and p o s t a bond and h i s f a i l u r e t o r e n d e r any a n n u a l a c c o u n t s f o r t h e t r u s t u n t i l Hay 1955.
T h e P a n e l f u r t h e r f o u n d t h a t R e s p o n d e n t v i o l a t e d h i s o b l i g a t i o n s a s f i d u c i a r y of t h e t r u s t f o r t h e o t h e r daughte r by f a i l i n g t o f i l e a n I n v e n t o r y , f a i l i n g t o p o s t bond and f a i l i n g t o r e n d e r any a n n u a l a c c o u n t s u n t i l May 1985 and by h i s unau thor ized l o a n o f t r u s t funds i n t h e amount o f $20,000 t o a c l o s e l y h e l d c o r p o r a t i o n con t r o l l e d by the Respondent. Respondent' s conduc t v i o l a t e d t h e p r o v i s i o n s o f MCR 9.104(1-4) and Canons 1 , 5 , 6 & 7 of t h e Code o f P r o f e s s i o n a l R e s p o n s i b i l i t y , to w i t : DR 1-102(A)(5,6); DR 3-103(A), DR 5-104(A), DR 5-105(B) ; DR 6 - 0 1 ( A ) 3 DR 7 - A - 3 Cos t s were a s s e s s e d i n t h e amount o f $ 1,108.74.
S e p a r a t e P e t i t i o n s f o r Review h a v e b e e n f i l e d by t h e Grievance A d m i n i s t r a t o r and t h e Respondent seek ing a m o d i f i c a t i o n of t h e d i s c i p l i n e inposed by t h e Hear ing Pane l . O r a l arguments on those P e t i t i o n s a r e scheduled t o be p r e s e n t e d to the At to rney D i s c i p l i n e Board on A p r i l 15, 1987. Respondent h a s n o t r e q u e s t s d a s t a y of the d i s c i p l i n e imposed and t h e suspens ion w i l l remain i n e f f e c t u n t i l f u r t h e r o r d e r of t h e Board o r u n t i l Respontient has completed t h e r e i n s t a t e m e n t p rocedure d e s c r i b e d i n MCX 9.123(B) and MCR 9.124.
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NOTE: In an order entered on June 4, 1987, the Attorney Discipline Board affirmed the hearins .h. an el order of suspension.