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Saturday, October 17, 2009
Courts - "Advocates see NYC Astor case a win on financial abuse"
Jennifer Peltz of the AP reports today in the WAPO in a lengthy story that begins:
NEW YORK -- To senior citizens' advocates, Brooke Astor is a Park Avenue poster child for an insidious kind of financial crime.They kept close tabs as the late philanthropist's son and a lawyer were tried on charges of exploiting her mental decline to raid her nearly $200 million fortune. The AARP called it "the most infamous case of financial elder abuse in recent memory."
Advocates and legal experts saw last week's convictions as a high-wattage signal that such cases, often seen as difficult to prosecute, can succeed - even if few others spur a five-month-long big money trial with boldface names.
Posted by Marcia Oddi on October 17, 2009 02:32 PM
Posted to Courts in general