Showing posts with label stealing from trust fund. Show all posts
Showing posts with label stealing from trust fund. Show all posts

Wednesday, September 23, 2020

Daughter of fallen trooper reacts to attorney's disbarment

by Rebecca Cardenas

DICKSON COUNTY, TENN. (WSMV) - A Tennessee family can rest easy knowing a man, who stole more than one million dollars out of a fallen state trooper's trust fund, will never practice law again. 

The nightmarish wake of the loss of Carina Larkins' father has lasted most of her life. "I was 12 years old," she said, of the year her father, Tennessee Highway Patrol Trooper Todd Larkins, was struck and killed by a tractor trailer in the line of duty. That was 2005. Nearly a decade later, Larkins learned he'd left a large sum of money behind for her in a trust fund.

"I did not even know that I had inherited this money until I was 21 years old," she explained, "so, it's a pretty big shock to a 21-year-old." 

The family tapped attorney Jack Garton set up the trust fund, containing more than $2 million from the settlement of a wrongful death lawsuit. Years after learning of its existence, when Larkins was ready to use the funds to invest in opening her own business, she discovered they were gone. "It was almost empty," she said. "It had less than a quarter of the original amount left."

The trust was administered out of the probate and juvenile court of Dickson County. Over a period of years, Garton began quietly disbursing trust monies to himself in the form of excessive fees. As the probate judge neared retirement, Garton began taking bolder measures to disburse more trust money to himself and hide his wrongdoing. He persuaded the judge to shield disclosure of trust transactions from Larkins, who by then was an adult. He also convinced the judge to issue an order saying that disbursements from the trust could be made without court approval. "It was awful," Larkins said. 

In 2019, Garton was convicted of wire fraud aggravated identity theft and tax fraud. The Tennessee Supreme Court suspended his law license. After that, a hearing panel of Tennessee's Board of Professional Responsibility, which regulates lawyers in Tennessee under the authority of the Tennessee Supreme Court, found that Garton committed multiple violations of the ethics rules, including misappropriation of client funds and engaging in dishonest and fraudulent conduct. The hearing panel and the Board recommended that the Court disbar Garton. 

The Court agreed and entered its order disbarring Garton on September 10. Under a new state law enacted earlier this year, Garton will never be eligible to be reinstated to the practice of law in Tennessee. 

"I was pretty surprised," Larkins said.  Until 2020, attorneys in Tennessee who had been disbarred for five years had the right under the ethics rules to ask the Supreme Court to reinstate them, no matter how bad the misconduct.

In January, the Tennessee Supreme Court amended its rules on discipline of lawyers to state that attorneys who are "disbarred on or after July 1, 2020, are not eligible for reinstatement." The change means that attorneys who are disbarred after July 1 are permanently disbarred and cannot ask the Court to reinstate their law license.

Garton is the first case to take effect after the new rule was enacted.

"I guess it’s just nice to know that he’s never going to be able to hurt anybody else," Larkins said. 

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Friday, September 18, 2020

Dickson Co. attorney permanently disbarred after stealing from trust fund of fallen Trooper's daughter

by Chuck Morris


NASHVILLE, TN (WSMV) - The Tennessee Supreme Court entered an order permanently disbarring a Dickson County attorney from practicing law in Tennessee after he took money from a trust fund set up to provide for the daughter of a Tennessee state trooper who was struck and killed by a tractor-trailer in 2005.

Jack Garton set up the trust fund to provide for the 14-year-old daughter of Trooper Todd Larkins. The trust contained over $2 million from the settlement of a wrongful death lawsuit.

The trust was administered out of the probate and juvenile court of Dickson County. Over a period of years, Garton began quietly disbursing trust monies to himself in the form of excessive fees. As the probate judge neared retirement, Garton began taking bolder measures to disburse more trust money to himself and hide his wrongdoing. He persuaded the judge to shield disclosure of trust transactions from Larkins' daughter, who by then was an adult. He also convinced the judge to issue an order saying that disbursements from the trust could be made without court approval.

Attorney accused of misappropriating $1 million left for daughter of fallen trooper
An attorney is accused of misappropriating more than $1 million left for the daughter of a fallen state trooper. Now the TBI is investigating what happened to that money.


Garton's scheme was uncovered when the daughter graduated from college and decided she wanted to use the trust monies to start her own business. By then Garton had secretly misappropriated well over $1 million from the trust.

In 2019, Garton was convicted of wire fraud aggravated identity theft and tax fraud. The Tennessee Supreme Court suspended his law license. After that, a hearing panel of Tennessee's Board of Professional Responsibility, which regulates lawyers in Tennessee under the authority of the Tennessee Supreme Court, found that Garton committed multiple violations of the ethics rules, including misappropriation of client funds and engaging in dishonest and fraudulent conduct. The hearing panel and the Board recommended that the Court disbar Garton.

The Court agreed and entered its order disbarring Garton on Thursday. Under a new state law enacted earlier this year, Garton will never be eligible to be reinstated to the practice of law in Tennessee.

"When lawyers engage in misconduct serious enough to warrant disbarment, citizens should be confident that they will never again have a license to practice law," Supreme Court Chief Justice Jeff Bivins said in a news release. "From now on, Tennessee citizens can have that confidence. The rule change adopted by the Tennessee Supreme Court ensures that lawyers who are disbarred in our State will remain disbarred, and will never again have a Tennessee law license."

Until 2020, attorneys in Tennessee who had been disbarred for five years had the right under the ethics rules to ask the Supreme Court to reinstate them, no matter how bad the misconduct.

In January, the Tennessee Supreme Court amended its rules on discipline of lawyers to state that attorneys who are "disbarred on or after July 1, 2020, are not eligible for reinstatement." The change means that attorneys who are disbarred after July 1 are permanently disbarred and can not ask the Court to reinstate their law license.

Garton is the first case to take effect after the new rule was enacted. 

 
Full Article & Source:

 

Tuesday, September 18, 2018

Lakewood lawyer sentenced for stealing $1.4 million

Glenn William Gregory, a former lawyer in Lakewood, was sentenced to four years in prison for stealing $1.4 million from a trust fund account from his stepgrandmother.

Gregory, who is 56, was a trustee for the John B. Villano Trust, an account that was created by his grandfather, John B. Villano, to provide for 89-year-old Martha Violet Villano, the wife of John B. Villano and stepgrandmother of Gregory. He had power of attorney for Martha, and between 2008 and 2016, he transferred $1.4 million from the trust accounts to his personal bank accounts and his law firm’s bank accounts, according to prosecutors.

Gregory was already convicted and sentenced to eight years in prison in August 2017 for stealing $1.3 million from another trust fund that was also created to provide for his step grandmother. Between the two cases, he stole a total of $2.7 million.

Gregory used some of the money from the John B. Villano Trust as gifts for family members. He also used the funds for personal purchases like vacations, gambling and internet sex services.

The former Lakewood lawyer pleaded guilty to one count of theft of an at-risk person, over $500 on July 23.

Full Article & Source:
Lakewood lawyer sentenced for stealing $1.4 million

Saturday, August 25, 2018

Lakewood Lawyer Stole Millions From Trust Fund

LAKEWOOD, CO – A Lakewood lawyer was sentenced Wednesday for stealing $1.4 million from accounts set up by his deceased grandfather to take care of his late 89-year-old step-grandmother.

Glenn William Gregory, 56, was sentenced in Jefferson County to four years in prison, according to the First Judicial District Attorney's office. Gregory pled guilty on July 23 to one count of theft from an at-risk person over $500.

Last year, Gregory was convicted and sentenced to eight years for stealing $1.3 million from an associated trust fund, set up by his grandfather John B. Villano for the care of his step-grandmother Martha Violet Villano. Gregory will serve the four years consecutively after the previous eight-year sentence, the DA's office said.

According to the Denver Post, Gregory, who had the power of attorney for the account, was found guilty in 2017 of draining the trust down to $24 between 2006 and 2015. Martha Villano died ten days after the jury rendered a verdict in June of 2017.

In the most recent case, Gregory was found guilty of transferring more than $1.4 million from the trust account to his personal and law firm bank accounts.

Investigators said Gregory spent $440,000 from the trust between Feb. 2008-Feb. 2015 for hotels and travel in Nevada at various casinos, and ATM withdrawals in Nevada and Blackhawk, Colorado "which appear to be related to gambling," the arrest affidavit said.

Gregory shuttled money through his personal and company bank accounts. Investigators found that approximately $112,000 was paid from Dec., 2007 through Sep., 2016 to "what appear to be phone/on-line computer sex services." They also noted that $260,000 was paid to PayPal or an online company called Web-Tokens.com, that advertises itself as a service where purchases are "strictly confidential," the arrest affidavit said.

He also gave money to family members in multiple-thousand dollar gifts around the Christmas holidays, investigators found.

All told, Gregory was convicted of stealing $2.7 million from the trust funds.

Full Article & Source:
Lakewood Lawyer Stole Millions From Trust Fund