The New York Department of Corrections decided recently to release Anthony Marshall from prison, only eight weeks into his one-to-three year prison sentence for committing fraud and a host of other crimes in taking advantage of his elderly mother, Brooke Astor. Given how few crimes of financial exploitation of the elderly are actually prosecuted, it’s a sad message to send.
The New York District Attorney’s office spent six months in trial and many millions to prosecute Anthony Marshall and his accomplice, attorney Francis X. Morrissey Jr., in 2009. Facing enormous odds trying to prove an 85-year old multi-millionaire illegally exploited his mother, they secured a conviction for 14 counts out of 16, for financial exploitation, fraud, and a host of related crimes.
Anthony Marshall To Be Paroled
Immediately, Marshall began raising legal challenges and appeals pleading poor health and his advanced age as a reason to avoid the consequences of his crime. Judge after judge rejected each one, finally landing the criminal in jail on June 21st.
It took less Read more...
News broke last week about the Brooke Astor estate settlement. The renowned New York society queen and philanthropist, who died at age 105, left behind an estate of nearly $200 million dollars.
Brooke Astor’s assets — along with the $50 million charitable trust of her late husband — have been tied up since she passed in 2007. The fighting was so extensive that it dragged in a “who’s who” of top New York City institutions, including the Metropolitan Museum of Art, Carnegie Hall, the New York Public Library, Rockefeller University, and even the United Nations, among many others.
Under Astor’s 2002 will, her only son, Anthony Marshall, stood to inherit tens of millions of dollars, with most of it slated to pass to charity after he died. But Marshall wanted much more. He and a lawyer, Francis X. Morrissey, Jr., convinced the elderly Astor — when she was suffering from dementia — to sign a series of codicils to Astor’s 2002 will. These codicils would have allowed Marshall to leave Read more...
Huguette Clark is a 104-year mysterious and reclusive New York multi-millionaire whose situation bears a striking resemblance to that of the late Brooke Astor. Like with Astor, Clark is now the subject of a guardianship proceeding in New York brought by relatives who fear that she has been financially exploited. Clark’s fortune is estimated to be worth half a billion dollars.
Clark is the daughter, and only surviving child, of William Andrews Clark, who died in 1925 and was described as the first or second richest American at that time. He built his wealth through copper mining and served as a senator of Montana. Many believed his daughter had died long ago. Indeed, she hadn’t been seen in the Fifth Avenue apartment that she lived in (and still owns) in 22 years.
An Investigative Reporter for MSNBC.com recently published a lengthy two-part article about Clark and how she has resided alone, in an ordinary New York hospital room, for those 22 years, while her attorney, Wallace Bock, and accountant, Irving Read more...