Supreme Court Upholds

Carel Callahan Bainum, who has made headlines for years in Warwick, takes offense to her latest portrayal as someone who would exploit the assets of an elderly friend.

But it will take more than indignation to counter what the Supreme Court termed in a recent order upholding a lower court ruling as a “troubling scenario of money, deceit and financial abuse of an elderly person.”

The Supreme Court recently affirmed Superior Court Judge Jeffrey Lanphear’s May 2008 restraining order virtually freezing Bainum’s assets and prohibiting her from conveying or encumbering real estate or any assets of more than $2,000 until the suit brought against her is resolved. Bainum owns as many as six properties in Warwick plus four in Grants Pass, Ore., where she lived with her husband. She returned to Warwick after her husband’s death.

Bainum claims the court action, for all practical purposes, will force her into bankruptcy, leaving nothing to repay what remains of a $120,000 loan that she acknowledges she owes. Without the ability to sell assets so as to make mortgage and tax payments, Bainum says, she will lose properties to foreclosure and tax sales. Those foreclosures have already started to happen.

Bainum claims this could leave Sona Stevens with nothing. Stevens is the daughter of Vartan Baligian, who loaned the money to Bainum. Bainum has filed a counter-suit against Stevens for defamation of character and liable.

Full Article and Source:
Bainum Refutes Claim She Sought to Bilk Long-Time Friend

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Honest Deal or ......?