V.I. Bar Association recommends suspension for GERS official
Published: February 18, 2013
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ST. THOMAS - A St. Thomas attorney who helps oversee the territory's foundering Government Employees Retirement System could be facing sanctions from the V.I. Supreme Court for allegedly obstructing a decades-old probate case and, in so doing, violating a half-dozen ethics rules.
If the Supreme Court approves a recommendation handed down earlier this month from the V.I. Bar Association's Professional Ethics and Grievance Committee, attorney Desmond Maynard would be suspended from the bar for six months and ordered to reimburse the Bar Association for its costs to investigate the matter.
"Although Attorney Maynard had been receiving account statements and tax forms, and was in possession of at least some of the estate's assets such as stock certificates, Maynard did not distribute the $510,478.21 on account to the two beneficiaries," a November memorandum of decision from the Ethics and Grievance Committee states. "He also did not record the final adjudication with the Recorder of Deeds, provide information to the beneficiaries regarding the whereabouts of the assets, and did not assist them with recovering insurance policies, cash from local bank accounts that was eventually deemed abandoned, or investments accounts. In addition, Attorney Maynard refused to meet with them and did not respond to their inquiries for many years."