In the Matter of Padgett

The Panel found that respondent failed to maintain adequate records in violation of DR 9-101(B)(3). The members unanimously recommended that respondent receive a public reprimand. The Executive Committee unanimously adopted the Panel’s finding and recommendation.

Respondent agreed to hold in trust certain funds given to him by a functionally illiterate, 80 year old man. Additionally, respondent agreed to hold this gentleman’s Social Security checks in trust as he received them. Respondent was to pay the man’s telephone and fuel bills and then disburse the remaining funds according to the man’s…