Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
80°F
Mostly Sunny
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
-- Local News 
 Sports 
 Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 Obituaries 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 




 
Saturday, July 31, 2004

Treasurer's lawyer denies client mismanaged estate



By Jennifer Edwards
Enquirer staff writer

Hamilton County Treasurer Robert Goering's attorney Friday denied allegations raised this week in a suit accusing him of botching the management of a nearly $2.2 million estate.

"Mr. Goering didn't do anything wrong," said his attorney, John Hust of Symmes Township.

In a suit filed in Hamilton County Common Pleas Court Monday, Goering, treasurer since 1991 who is up for re-election in November, is accused of ineptly managing the estate, which shrunk to a worth of just $62,000.

The suit was filed by Fort Mitchell attorney Eric Deters on behalf of Elmer Gundrum, 81, of Florence, who inherited the estate in May 2001 from his sister. The suit alleges that Goering failed to hire an investment adviser to diversify stocks and failed to file state and federal tax returns, resulting in $237,952 in penalties and interest lodged against the estate.

But Hust blames attorney Eric Minamyer, formerly of Sycamore Township, who Hust says has acknowledged the blunder and recently paid Gundrum and his attorney about $170,000.

Minamyer conceded Friday to being ultimately at fault for the late filings because his former law firm, which is now shut down, neglected to file extensions on them while he served in the U.S. Navy overseas. His insurance company has since settled with Gundrum, he said, declining to disclose the amount.

The suit also states Gundrum never received any of the money he inherited from his sister, Doris. At the time of her death in June 2000, much of her estate was in the form of stocks she owned in two Cincinnati companies, Broadwing and Convergys.

Hust also said the value of the estate was really about $1.5 million, not nearly $2.2 million, and Gundrum did get about $560,000, from the estate in the form of an IRA.

Goering also advised Gundrum on several occasions to sell some of his stock, Hust said.

"Mr. Gundrum would not give him permission to do that. He wanted to keep the Broadwing stock," Hust said.

The suit also states that Goering billed the estate $75,000 a year for managing it. Hust, however, said Goering will only be paid once for his work - and at a much lower figure, about $36,000.

Gundrum's attorney called Hust's statements "a bunch of baloney." Goering undertook the responsibility of filing all tax returns timely when he agreed to be the administrator, Deters noted.

"For him to try to blame somebody else is crazy," Deters said. "It's the worse handling of an estate I've ever seen. And the guy is the treasurer of Hamilton County.

"We don't deny my client got a $560,000 IRA, but the problem is he should have gotten over $1 million more. What they are telling you might be true, but it doesn't change the lawsuit."

E-mail jedwards@enquirer.com




TOP STORIES
Zoo's Emi gives birth to a daughter
Swing voters speak up
Tonight: No blue hue, and NOT a blue moon
Public defenders overwhelmed
Festival seating could return

IN THE TRISTATE
Caesar's roamin' nose finds drugs
Contention puzzles police review leader
Treasurer's lawyer denies client mismanaged estate
Hamilton Twp. celebrates Fire Department's 10th
Local news briefs
Water-main break closes Madison Rd.
Auditor questions agency spending
Neighbors briefs
Panel named to study smoking ban for city
Cleveland welcomes world of kid athletes
Ex-Ohio Supreme Court Justice Holmes dies at 81
Lottery non-winners claim sales records support them
Fewer ride inspectors on duty
Village dissolved by order of court
Counties may get less welfare funding
Kitchen grease fire spreads, damaging Anderson home
Public safety briefs
Wife shot in head leaves intensive care
Cutbacks predicted for state subsidies

ENQUIRER COLUMNISTS
Good Things Happening
Two speakers heard the call in war, strife

LIVES REMEMBERED
Dr. James Schlueter earned nurses' regard

KENTUCKY STORIES
Police investigate fatal crash on Ky. 19
State budget still stalled, but the team gave 100%
Cinergy moving customer center from Covington to Newport site
Homeowners key to rebirth, candidate says
Freedom's financial problems continue
Hustler case may be decided in state court
Boone Co. tests more than ABCs
Campbell superintendent settles in
Counseling bolsters families



 

Latest Headline News
Updated Every 30 Minutes
AP TOP HEADLINE NEWS

Iraqi Official: 150,000 Civilians Dead

Sen. Allen Concedes Defeat in Virginia

Bush, Pelosi Hold White House Talks

Massive Recall of Acetaminophen Underway

Mubarak Warns Against Hanging Saddam

Bolton Unlikely to Win Senate Approval

AP: Startling Findings in Tillman Probe

Ed Bradley of '60 Minutes' Dies at 65

U.S. Rises in Auto Reliability Ratings

49ers Look to Relocate New Stadium



Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.