December 18th, 2008 by C.J. LeClaire
Leeds Morelli & Brown: Legal Blog
Prominent financier Bernard L. Madoff has been accused of orchestrating what may be the largest Ponzi scheme in history. Operating under the guise of a Hedge Fund, Madoff ran a classic Ponzi scheme, which involved paying off earlier investors with money from new investors. Due to markets declining, the scheme unraveled after many investors who lost money elsewhere sought to withdraw money from their investments with Madoff. The scheme, which allegedly ran for over a decade, is estimated to be a $50 billion loss. High profile clients of Madoff include Steven Spielberg, New Jersey Senator Frank Lautenberg, real estate magnate Mortimer Zuckerman, owners of the New York Mets, a former owner of the Philadelphia Eagles and the chairman of GMAC. Read the rest of this entry »
Posted in Estate & Probate Administration |
October 24th, 2008 by C.J. LeClaire
Leeds Morelli & Brown P.C. Addresses a Titanic Problem: Millvina Dean
New York Law Firm Blog
BBC news recently reported that Millvina Dean, the 96 year old last survivor of the Titanic, will be auctioning off mementos she has kept from the ill fated voyage. While the prospect of owning a piece of history no doubt has many collectors swooning, the reason for the sale gave the attorneys of the law firm of Leeds Morelli & Brown P.C. pause. Ms. Dean is selling the relics because she needs the money to fund her care in a nursing home. Read the rest of this entry »
Posted in Estate & Probate Administration |
October 1st, 2008 by C.J. LeClaire
Heath Ledger’s Daughter to Inherit Entire Estate
Ledger’s father has gifted everything to Matilda Rose.
It has been reported that every penny of Heath Ledger’s estate, estimated to be $20 million, will go to his two-year old daughter Matilda Rose. Heath Ledger, whose most notable roles include a cowboy in Brokeback Mountain and the Joker in the summer blockbuster The Dark Knight, passed away in January of a prescription drug overdose. The late actor’s estate is being probated in his hometown, Perth, Australia. His will named his parents and sisters as the beneficiaries of his estate, leaving out his only daughter. Ledger’s will was done two years before the birth of his daughter with Brokeback Mountain co-star Michelle Williams. There was speculation as to whether Ledger’s former lover, Michelle Williams, would file a claim against the estate. However, Ledger’s father has confirmed that no such claim exists and the family has gifted everything to Matilda Rose. Read the rest of this entry »
Posted in Estate & Probate Administration |