The Minnesota Supreme Court indefinitely suspended attorney Peter Daniel Plunkett and ordered he pay $900 in court costs today.
Plunkett, from Austin, Minn., is accused of participating in a scheme to alter bail bonds files. He is accused of altering the files “after the fact” in anticipation of an inquiry by the Colorado Division of Insurance. He altered the files to make it appear that they were in compliance with Colorado state law.
Plunkett can petition the court for reinstatement in six months.
He is the president of Minnesota Surety & Trust Company, which operates in Minnesota and Colorado. In late December 2010, the Colorado Division of Insurance notified MSTC that it would do a market examination of its business.
Plunkett is accused of backdating hundreds of MSTC’s company files in order to correct deficiencies and to get in to compliance with the division before the examination to avoid any fines and violations. He met with several other bail bonds companies before the inquiry to determine what he could do to reduce any fines and “make it appear that the company had applied with applicable law.”
The scheme was uncovered in May of 2011 and MSTC’s certificate of authority in Colorado was revoked. The company was fined $1.2 million.
Last September, the Minnesota Office of Lawyers Professional Responsibility filed a petition for discipline against Plunkett accusing him of violating the rules of professional conduct.