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mfcorey1

(11,001 posts)
Wed May 23, 2012, 12:16 PM May 2012

Staff bled $44 million in gifts from heiress Huguette Clark, suit says

snip

All the parties named in the court papers have until Aug. 8 to respond in Surrogate's Court.

The gifts claimed by the executor as not valid include the following:

$17,117,326.03 given by Clark to the nurse, Peri, in more than 200 personal checks written by Clark from 1991 to 2001.
$5 million paid to Peri, funded by a line of credit from JPMorgan because Clark had insufficient liquid assets. The executor acknowledges that the attorney, Bock, had a signed authorization from Clark for this payment and nearly all the others listed here, and by 2009 she had signed over to him a document called a durable power of attorney, giving him authority over certain financial affairs.
$3,883,685.78 given to Peri to purchase five homes: a co-op apartment on the Upper West Side of Manhattan, two condos on the Upper East Side, a house in the borough of Brooklyn, and a vacation home in Ocean, N.J., as disclosed by msnbc.com in 2010.
$1,935,200 in other tangible gifts to Peri, including 84 pieces of jewelry worth $667,300, a doll worth $64,400; a Stradivarius violin worth $1.2 million (not Clark's $6 million Strad, which was sold); and three harpsichords worth $3,500.
$60,000 in a check written by Clark's attorney in 2009 to Peri.
$3.4 million to Peri's family, including $1,503,813 to her husband, Daniel Peri, $706,550 to her son David, $628,250 to her son Abraham, and $632,450 to her daughter, Guela.
$685,000 given to Clark's licensed practical nurse on the night shift, Geraldine Coffey, who also worked from 1991 to 2011 at an annual salary of $131,040.
$358,327 to help Coffey buy two condo apartments on the Upper East Side.
$85,554 for tuition of Coffey's children.
$30,000 given to Coffey by the attorney.
$10,000 given to Erlinda Ysit, a licensed practical nurse for Clark for seven years.
$6 million Manet painting sold to benefit Beth Israel Medical Center, which allowed Clark to live in the hospital, even though for most of her two-decade stay "there was no medical need." This gift, and $295,000 in other gifts, was made on top of the $300,000 to $400,000 a year she paid to the hospital to live there. "At no time did Beth Israel, its staff, or any other physician or expert conduct a neurological examination or psychological examination of Mrs. Clark or otherwise ensure that she possessed the capacity required to make a gift to Beth Israel," Schram wrote.
http://openchannel.msnbc.msn.com/_news/2012/05/23/11824035-staff-bled-44-million-in-gifts-from-heiress-huguette-clark-suit-says

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Staff bled $44 million in gifts from heiress Huguette Clark, suit says (Original Post) mfcorey1 May 2012 OP
The harpsichords seem fair. n/t cigsandcoffee May 2012 #1
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