Friday, October 9, 2009

Jury convicts Astor's son of conspiracy and grand larceny


By LAURA ITALIANO, DAREH GREGORIAN and CLEMENTE LISI

Brooke Astor's son Anthony Marshall was found guilty today by a Manhattan jury of plundering his mother's fortune to the tune of more than $60 million. The jury assembled in Manhattan Supreme Court convicted Marshall of 16 out of the 18 counts against him, including conspiracy and scheming to defraud.
READ THE FULL VERDICT
PHOTOS: THE ASTOR TRIAL
The verdict included conviciton of the top charge against him -- first-degree grand larceny, which carries a maximum prison sentence of 25 years -- for using his power of attorney to award himself a $1.4 million retroactive salary increase out of his mother's fortune.


It clears him, however, of a second first-degree grand larceny charging he swindled his mother into thinking she was broke so he could sell her favorite painting for $10 million and pocket a $2 million commission.
“I’m stunned by the verdict,” said Marshall’s lawyer Frederick Hafetz. “We are greatly disappointed in it, and we will definitely appeal."
Marshall, 85, will be sentenced on Dec. 8.
His co-defendant, estates lawyer Francis Morrissey, was convicted of forgery and conspiracy. He faces up to seven years behind bars.
Marshall, a decorated Marine and former ambassador to Kenya, remained stoic as his fate was revealed.
But his younger wife of 20 years, Charlene -- who prosecutors blamed for goading her husband into wresting the extra cash from his mother -- trembled visibly throughout the reading of the 18-count verdict.


Full story

No comments:

Post a Comment

We appreciates all comments and fosters free speech, however, keep in mind that we have young readers who peruse our site. Having said that, please refrain from using profane language, and know that flaming will not be tolerated. Spam will not be tolerated.

BLKUTIMES ARCHIVES