A DUNDALK solicitor has been struck off for systematically breaching undertakings in relation to multiple property transactions and allowing a deficit of nearly e100,000 to arise in his client account.
Joseph Traynor, formerly practising as Traynor and Company, Clanbrassil Street, Dundalk was struck off by the High Court on Monday, July 18.
Mr Traynor was previously struck off for misconduct relating to investigations by the Law Society in 2002 and 2004.
Following further investigations, the Society’s Solicitors Disciplinary Tribunal last March recommended he be struck off again after finding him guilty of 23 allegations of misconduct relating to multiple breaches of undertakings.
Paul Anthony McDermott, for the society, told the President of the High Court, Mr Justice Nicholas Kearns, the allegations involved the systematic breaching of undertakings to financial institutions including AIB, Ulster Bank, Bank of Scotland Ireland, Permanent TSB, Irish Nationwide, Bank of Ireland, ACC and First Trust Bank.
The tribunal found Mr Traynor caused or allowed a deficit of e99,876 to arise in his client account on February 28, 2009.
Mr McDermott told the court Mr Traynor had admitted most of the allegations. Mr Traynor had said the matters happened because he had a large practice “and I simply was not in control of it”.
He said he did what he could to rectify deficits. He added: “My life has changed forever and I will simply just accept what is coming.” Mr Justice Kearns said he had no option but to make an order striking him off.