On Tuesday, December 19, 2023, the New Jersey Supreme Court issued an order admonishing attorney John M. Mavroudis for failing to comply with attorney trust account recordkeeping requirements.
The case is entitled “In the Matter of John M. Mavroudis,” with case no. 088740.
The charges cited New Jersey Rules of Professional Conduct 1.15(d) which states:
Failing to comply with the recordkeeping requirements.
The order comes after the Disciplinary Review Board (DRB) determined in October that Mavroudis, who has been licensed to practice law in New Jersey, violated the Rule of Professional Conduct related to maintaining proper records for client funds held in trust.
According to the DRB letter detailing its investigation, issues came to light after the Office of Attorney Ethics received a notice on October 23, 2022, of an overdraft on one of Mavroudis’s accounts. A subsequent review found deficiencies in his recordkeeping stretching back to at least November 2021.
The records showed Mavroudis erroneously listed the wrong account on his 2022 attorney registration. He also improperly transferred funds electronically from his trust account to his business account on three occasions in October 2022. Monthly reconciliations from November 2021 through January 2023 failed to balance due to a lack of proper ledgering for firm funds. His April 2022 reconciliation was also incorrect. Additional deficiencies included improper designation of accounts on bank statements and checks. Mavroudis also had not maintained proper ledgers to track attorney versus client funds.
While no clients suffered financial harm, the DRB determined Mavroudis’ conduct constituted a violation of the rules regarding the maintenance of trust account records. It was agreed an admonition was the appropriate level of discipline.
On its December 19, 2023 order, the Supreme Court accepted the DRB’s determination and formally admonished Mavroudis. He will also have to reimburse administrative costs associated with the disciplinary process.
According to avvo.com, Mr. Mavroudis is a litigation attorney in New York, New York. He attended the Syracuse University College of Law, graduating in 1972. He acquired his law license in New Jersey in 1974.
A copy of the original filing can be found here.