SRHS Watch is working on a thorough profile of newly appointed Special Fiduciary Steve Simpson. Simpson is a Gulfport attorney who previously ran for attorney general. During his run for office, reporting by the Clarion Ledger revealed that nearly $5,760 in property taxes had gone unpaid on Simpson’s $378,000 home.
Simpson explained that he re-financed the home and was unaware that he would be responsible for paying the tax collector and was hit with a surprise bill.
This alone, in our estimation, is enough to disqualify Simpson as holding any position of fiduciary responsibility.
The “reasonable man” leaves the closing table with an understanding of to whom he owes mortgage payments and his duties to pay taxes and property insurance and in which manner.
Simpson, a lawyer, by his own admission, had not the diligence to understand a common financial transaction that would affect his personal and family finances.
SRHS, Judge Hilburn, Special Master Singletary and “certain plaintiffs’ attorneys” expect the retirement plan members to trust Simpson to oversee the complexities of a $140 million pension plan, when he literally cannot keep his own financial house in order.
UPDATE: It appears Simpson’s property taxes are currently in arrears. The tax collector’s records can be seen here.