Showing posts with label stealing from estate. Show all posts
Showing posts with label stealing from estate. Show all posts

Friday, April 8, 2016

Bristol lawyer charged with stealing from estate


A longtime Bristol, Tennessee, attorney is in trouble with the law.

Don Cooper has been indicted by a Sullivan County grand jury on the charge of theft of $250,000 or more.

Members of the grand jury say Cooper illegally took cash from a Bristol family's estate worth more than $250,000. He’s accused of stealing that between May 2012 and Nov. 2013.

Cooper’s law license was temporarily suspended on Dec. 4, 2015, by the disciplinary counsel of the Board of Professional Responsibility of the Supreme Court of Tennessee.

News 5 WCYB obtained the order which states Cooper “misappropriated funds and poses a threat of substantial harm to the public.”

He was “immediately precluded from accepting new cases” and had to stop representing existing clients by last January.

News 5 WCYB has learned Cooper’s law license is still suspended.

He is due in court on May 13.

Full Article & Source:
Bristol lawyer charged with stealing from estate

Saturday, June 13, 2015

Brooke Astor heir Anthony Marshall leaves sons out of his will; millions will go to second wife and her children


Anthony Marshall, who died in November at 90, disinherited his sons, who accused him of abusing his philanthropist mother Brooke Astor. His second wife Charlene will inherit his millions.


The grandsons of philanthropist Brooke Astor say they won’t contest their father's will, which left his many millions to his second wife and her family.

"I just talked to my brother. We are moving on. We're not going to contest the will," Philip Marshall, 62, said in a telephone interview from his home in Massachusetts.

A will for Astor's son, Anthony Marshall, was filed Tuesday in Manhattan Surrogate’s Court.

Marshall, who died in November at 90, left everything to his wife, Charlene, and her three children from a previous marriage. He specifically says in the six page document that he is leaving nothing for Philip Marshall or his twin brother, Alexander, who lives in Vermont.

Philip Marshall — along with two of Astor's friends, society bigs Annette de la Renta and David Rockefeller — blew the whistle on his father in 2006, telling authorities that Anthony Marshall abused his mother, a beloved philanthropist who died a year later at 105.

An investigation led to the criminal prosecution of Marshall and Astor's estate planning lawyer. They were accused of manipulating Astor — who had Alzheimer's — into signing wills that took millions from public charities and put it in Marshall's pocket.

Ultimately, Marshall was convicted of stealing $14 million from his mother by spending lavishly on Charlene and paying himself millions in commissions to sell Astor's artwork and manage her affairs.

He served two months of a one- to three-year sentence, the sentence cut short because his bad health.

Philip Marshall said he tried several times to reconnect with his father after the criminal case but was not successful.

And he said he wasn't surprised by the terms of his father's will.


"I knew the minute I tried to help my grandmother that I would be disinherited ... it was of no consequence to me. I would do so again — I would help my grandmother irrespective of the consequences to me."

The value of Marshall's estate is unclear. In Surrogate Court documents, his lawyers say his estate is worth less than $10,000 but that does not include real estate or assets in trust funds.

Brooke Astor's $100 million estate was divided up in May 2012 when a Westchester court made Marshall accept a 50% cut in his share of his mother's estate. The other half went to pay restitution for his crimes. He was left with an inheritance of $14 million.

That same month, Marshall signed the will which disinherited his sons and their children, leaving everything to Charlene, her children and grandchildren.

Charlene Marshall's inheritance includes all of Marshall's books, artwork and jewels that he inherited from his mother. She also gets income from a trust fund and whatever was left in an alimony trust fund that was set up for Marshall's first wife, Thelma, who died in February.

Philip Marshall on Wednesday marveled at the fact that his grandmother, who used her money for years to try to improve the quality of life for people, is continuing this tradition by lending her stature to the cause of elder justice and quality of life at the end of life.

"All social justice causes need a narrative ... a face. My grandmother has given a face to elder justice," he said.

Marshall said that since her death, he has set up a website called Beyond Brooke to chronicle the work he is doing to give visibility and power to the elderly who are abused by loved ones, caretakers, lawyers and other professional on whom they depend and trust.
 
Full Article & Source:
Brooke Astor heir Anthony Marshall leaves sons out of his will; millions will go to second wife and her children

Thursday, May 28, 2015

Woodbury attorney accused of stealing $1.8 million from woman’s estate


A Woodbury man is facing federal theft charges after officials say he stole $1.8 million, most of which was slated for charity, from the estate of an Oxford woman.

Peter M. Clark, 57, was arrested Thursday, according to a release from Deirdre M. Daly, United States Attorney for the District of Connecticut, and charged with stealing from the estate of Miriam S. Strong, who died July 2, 2010.

At the time of her death, Strong had a will, which left money, property and other items to a list of individuals, the town of Oxford, the state of Connecticut and several religious and other charitable entities, according to the release. The will also called for the creation of a scholarship fund for college-bound students from Oxford.

Clark drafted the will as Strong’s attorney and served as a witness to Strong’s execution of the will, officials said. The will named Clark and another individual as co-executors. The investigation has revealed that, during the course of the administration of the will, Clark took at least $1.8 million from Strong’s estate for his own use.

Clark transferred some of the money to other accounts, used some to buy himself an all-terrain vehicle and gave some money to his wife, according to court documents. The estate account he had taken the money from was left with a meager balance of $13.40 when he had to make a report to the probate court, officials said.

Court documents show that some of the beneficiaries of the will became suspicious when they had not received the money they had been told they would get and contacted the probate court, which in turn removed Clark as an executor while the investigation was under way.

The complaint charges Clark with one count of mail fraud, which carries a maximum term of imprisonment of 20 years.

Clark was arrested Thursday morning at his home in Woodbury, officials said. He appeared before U.S. Magistrate Judge Sarah A.L. Merriam in New Haven and will be released after he posts a $500,000 bond that will be co-signed by family members.

Daly stressed that a complaint is only a charge and is not evidence of guilt. Charges are only allegations and a defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

This matter is being investigated by the Federal Bureau of Investigation and the Connecticut State Police – Western District Major Crime Squad. The case is being prosecuted by Assistant U.S. Attorney Sarah P. Karwan.

Full Article & Source:
Woodbury attorney accused of stealing $1.8 million from woman’s estate