Brooke Astor's Son Charged with Grand Larceny
By Jane Ivory
12:38, November 28th 2007
61 votes
Vote this story
Brooke Astor's Son Charged with Grand Larceny

Anthony Marshall, 83, the only child of the late socialite and philanthropist Brooke Astor, pleaded innocent on Tuesday to charges that he robbed his mother’s $198-million estate and falsified business reports; he posted $100,000 bond and surrendered his passport before leaving court.

Brooke Astor’s son and one of her former employees have been indicted by a grand jury on criminal charges regarding the management of her financial affairs and the handling of her will, the Manhattan district attorney said in a news conference Tuesday.

Marshall was indicted on 16 counts, including grand larceny, criminal possession of stolen property, conspiracy and falsifying business reports. He surrendered to authorities Tuesday morning.

Astor’s former lawyer, Francis X. Morrissey Jr., was indicted on six counts, including forgery, conspiracy and possession of a forged instrument. Morrissey is expected to appear in court later in the week, prosecutors said. The indictment alleges Astor's signature was forged on a modified will that transferred money from some of her favorite charities into Marshall's control, reports Reuters.

“Marshall and Morrissey took advantage of Mrs. Astor’s diminished mental capacity in a scheme to defraud her and others out of millions of dollars,” said the district attorney, Robert M. Morgenthau, as quoted by the New York Times.

“Marshall abused his power of attorney and convinced Mrs. Astor to sell property by falsely telling her that she was running out of money. He is charged with stealing money from her as well as stealing valuable art work from her Park Avenue apartment.”

The two men are accused of convincing Astor to change her will, leaving her estate to Marshall instead of leaving money to charity, as she had long wished.

Marshall is also accused of selling one of his mother’s favorite paintings, “Up the Avenue from Thirty-Fourth Street, May 1917” by Childe Hassam, in March 2002 through a private gallery. The painting was sold for $10 million and Mr. Marshall took a $2 million commission, according to the Times.

He is likewise accused of stealing more than $600,000 of his mother’s money for expenses associated with an estate in Maine called Cove End, which in turn he is accused of having persuaded his mother to give it to him in May 2003. He is also charged with stealing an additional $52,000 from his mother to pay the wages of a yacht captain.

Astor passed away in August at the age of 105. She had been in failing health for some years and these were also marred by a controversial dispute within the family, as grandson Philip Marshall, Anthony Marshall’s son, accused his father of neglecting her and keeping her in miserable conditions. Annette de la Renta, wife of fashion designer Oscar de la Renta and a close friend of Astor’s, was subsequently named guardian.

Astor had married into one of America’s wealthiest families; she and Vincent Astor, son of millionaire businessman John Jacob Astor, were married for five years before he died of a heart attack. Astor became heir to a tremendous fortune and devoted herself to philanthropic activities. She inherited some $60 million, which reportedly multiplied into hundreds of millions, allowing her to donate some $195 million to libraries, museums and charitable groups, reports the Times.

Anthony Marshall was her only child, born during her first marriage. Her union with Vincent Astor was the third and last.

“Tony Marshall faithfully and effectively managed his mother's affairs for more than 25 years, increasing the value of her investments from $19 million to $82 million,” Marshall's lawyer, Kenneth E. Warner, said in a written statement. “Brooke Astor loved Tony, her only child, and whatever he received was in accordance with her wishes.”

Marshall had previously denied his son’s accusations of maltreatment towards Astor.

Marshall, a Tony Award-winning Broadway producer, pleaded not guilty to the charges Tuesday in New York State Supreme Court, posted $100,000 in bail and surrendered his passport before leaving with his wife, Charlene.



© 2007 - 2008 - eFluxMedia
dotclear

Other News in

Shannen Doherty Re-Hired For 90210 Spinoff

Shannen Doherty Re-Hired For 90210 Spinoff

After being kicked out for her reckless (childish) behavior on the set in 1994, Playboy hottie Shannen Doherty will allegedly be part of the 90210 spinoff which is now in the works. The contemporary...

Alex Rodriguez and Wife Cynthia Allegedly Split, No Adultery

Alex Rodriguez and Wife Cynthia Allegedly Split, No Adultery

Lenny Kravitz denied adultery accusations after rumors that he and Alex Rodriguez' wife Cynthia are having an affair. Several entertainment sites have claimed that they are together in Paris.There is...

Alex Rodriguez And Wife Cynthia Face A Possible Split

Alex Rodriguez And Wife Cynthia Face A Possible Split

Apparently Alex Rodriguez, the Yankee star, has separated from his wife Cynthia, a source told the Daily News. In the last three months, the couple has been having some problems and couldn’t work...

Radio Host Rush Limbaugh Has Spectacular $400 M Extension

Radio Host Rush Limbaugh Has Spectacular $400 M Extension

Rush Limbaugh and Clear Channel’s Premiere Radio Networks have agreed on an extension of the radio host’s contract that will see Limbaugh receive more than $400 million over the next 8 years....

Christie Brinkley Trial To Begin

Christie Brinkley Trial To Begin

The divorce trial between former supermodel Christie Brinkley and architect Peter Cook is set to begin in Central Islip, N.Y. and a messy divorce it promises to be. The trial is set to open to the...

dotclear
Latest videos in People
Talk of the Town:Jolie in...
Supermodel Campbell in court
Talk of theTown:baby girl for...
Musical star Charisse dies
Tim Russert dies of heart...

dotclear
People You are here: People
» Movies   » Music   » People   
E-mail To A Friend Print RSS Text size: Decrease font size Increase font size
dotclear
dotclear
dotclear
Most Popular in People
Suicide Model Had Been Depressed LatelySuicide Model Had Been Depressed Lately

» read full story
dotclear

Interested In This Topic?

News Alert will keep you informed. Find out more.
dotclear
Photos Gallery
dotclear
Today's Latest News
The Institute for Occupational Safety and Health Seeks A New DirectorThe Institute for Occupational Safety and Health Seeks A New Director

» read full story
dotclear