Interesting paragraph in a NY Post gossip column:
"A few generations ago there lived a man named Allen Paulson. Wealthy. Major wealthy. Chairman of Gulf stream. In those days, every CEO worth his weight in creative accounting owned one of Paulson's planes. Also a major owner and breeder of racehorses, in 1996 his great Horse of the Year Cigar set a record for lifetime earnings.
Mr. Paulson passed away more than nine years ago. He left a wife and four children. And a huge load of lawsuits. The man had hundreds of millions. Maybe billions. Nobody knows where that money is. Seems $700 million just evaporated. How? By whom? Where? When? Nobody knows. There is a will, but it's no good if nobody can locate the money.
Mr. Paulson's trust is represented by California lawyer Neil Papiano. Mr. Papiano has summoned forensic accountants, Swiss accounts, overseas piggy banks. This is about to become one of the costliest and dirtiest financial legal fights in years."
This is the first I've heard that there are funds missing from the trust. I guess that explains why Azeri was sold. Of course, maybe someone should tell them that the stock market went down last year...
Allen Paulson's Money
Moderators: Roguelet, hpkingjr, WaveMaster
Allen Paulson's Money
"When I am on my deathbed, I imagine I will say, 'Thank God I did that'" - Arthur Hancock, on buying back Gato del Sol from Europe after Exceller was killed in a slaughterhouse in Sweden.
I assumed it couldn't be a Madoff thing or even legitimate market losses in the downturn of the last two years, because that would be obvious on the balance sheet. If $700 million disappeared, there had to be transfers or drafts written somewhere. I think horse might be right...
"When I am on my deathbed, I imagine I will say, 'Thank God I did that'" - Arthur Hancock, on buying back Gato del Sol from Europe after Exceller was killed in a slaughterhouse in Sweden.
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bdw0617
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had it been madoff, they would have been screaming it at the top of their lungs, and to probably try to get some break from the debts they owe. this was not the case.
would not suprise me if they were livin it up and the funds are now gone
that's pitiful
would not suprise me if they were livin it up and the funds are now gone
that's pitiful
"When the solution is simple, God is answering.”
- Einstein
- Einstein
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Patuxet
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horse wrote: "For answers, look to the administrator(s) of the Trust."
To put a finer point on it -- look to the previous administrator.
http://lawmarketingsystems.typepad.com/ ... round.html
To put a finer point on it -- look to the previous administrator.
http://lawmarketingsystems.typepad.com/ ... round.html
"He is pure air and fire and the dull elements of earth and water never appear in him; he is indeed a horse ..." Wm. Shakespeare - Henry V
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bdw0617
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excuse the language but is it possible to be a bigger asshole than that guy?
seriously.. how can you go to a family reunion and look your family in the face after basically screwing everyone over
it's one thing to screw over investors that you don't know, but to basically rob your own family.. that's a whole nother level of assholism.
like he was going to be living on the street or something had he not executed the trust or something.
seriously.. how can you go to a family reunion and look your family in the face after basically screwing everyone over
it's one thing to screw over investors that you don't know, but to basically rob your own family.. that's a whole nother level of assholism.
like he was going to be living on the street or something had he not executed the trust or something.
"When the solution is simple, God is answering.”
- Einstein
- Einstein
