Monday, March 29, 2010

Ravenscroft Denied Freedom

The courtroom was ablaze in blue suits. Lawyers packed the place along with their bag handlers. A psychiatrist was there and his conservator and a forensic accountant put in an appearance.

There's no telling how much Wednesday's emergency hearing cost Edward Abbott Ravenscroft. I figure at least $3,000 an hour for a hearing that lasted six hours – not counting three or four hours the next day when Ravenscroft's various court-appointed protectors met yet again.

All this to determine how to prevent him from being exploited.

To date, Ravenscroft has no clue how much all this court-ordered protection has cost him. He asked several months ago and says he was told then that they'd already spent over $500,000. He figures the tab is now nearing a million dollars but there's no way to know. Court rules allow those billing Ravenscroft – a cast of thousands, it seems -- to put off disclosing just how much they've collected from him for more than a year.

The 49-year-old Scottsdale millionaire has been under the watchful eye of Maricopa County Probate Court since January 2009 after a series of drug arrests raised questions about his mental health and his vulnerability given the size of his bank account.

No doubt Ravenscoft needed help last year. Now, he's been clean for seven months and he wants to regain control over his life and his bankbook.

The operative word, being his.

Probate court's hold over Ravenscroft was set to expire on Friday which was the reason for Wednesday's emergency hearing.

Sun Valley Group requested the hearing, asking to continue as Ravenscroft's conservator. Attorney Alisa Gray explained that the millionaire's complex finances – and the possibility that he's been exploited by a bank and a real-estate firm -- warrants Sun Valley's continued oversight.

But the driving force behind Wednesday's hearing was the fact that Ravenscroft went out and hired himself an attorney who then filed a federal RICO suit against Sun Valley and several of his former probate protectors. (With the exception of Sun Valley, all of those being sued have withdrawn from his probate case.) The lawsuit was filed despite the fact that he was deemed “incapacitated” by a probate judge and thus shouldn't have been able to sue his protectors without the permission of his protectors.

Full Article and Source:
Probate Court Extends Its Hold Over Scottsdale Millionnaire

See Also:
Scottsdale Millionnaire to be Freed Friday, Maybe

See Also:


Lou said...

All of those being sued have withdrawn from his probate case... Just like roaches, turn the light on and they run to hide in the dark!

Anonymous said...

The vultures have to pick the bones dry before they quit!

jerri said...

is this a surprise to those who haven't figured it out yet as long as there is $1.00 left the probate mafia will not let him go?

StandUp said...

I just knew the greedy SOB's wouldn't let Edward Abbott Ravenscroft go!

Norma said...

The corruption here just can't be any more transparent. A ward of the state doesn't even have the right to complain, so they need to keep him as a ward of the state.

Governor? Where's the Governor?

Dave said...

thank you, Laurie Roberts, for another installment of this nightmare. you're a great reporter. if mr. ravenscroft gets his freedom, it will be for the most part because of you.

Anonymous said...

The judge in this case should be debenched and disbarred!

Jean said...

I hope Ravenscroft finds NASGA

Betty said...

Pillage and Plunder. That's what it's all about. And the judge is rubberstamping it all.


Ginny said...

They will say Ravencroft isn't mentally stable and lock him away, I am afraid....

Fran said...


Mason said...

I will pray for his release and for accountability for those who are abusing him.