Elder Abuse Allegations
See also: Elder abuseIn July 2006, Philip Marshall filed suit against his father, alleging mistreatment of his grandmother Brooke Astor and mismanagement of her funds. He requested that Anthony Marshall be dismissed as her guardian and replaced by family friend Annette de la Renta. That request was granted temporarily, pending a court hearing on August 8, 2006.
On August 1, 2006, The New York Times reported that Anthony Marshall was accused by Alice Perdue, who was employed in his mother's business office, of diverting nearly $1 million from his ailing mother's personal checking accounts into theatrical productions. Marshall, through a spokesman, said that Brooke Astor knew of the investments and approved of them. Perdue countered that Marshall had advised her never to send to his mother any documents of a financial nature because "she didn't understand it."
On September 7, 2006, an article in the Times revealed that "J. P. Morgan Chase, the court-appointed temporary guardian of Brooke Astor’s assets, says in court papers that it is investigating whether her son improperly obtained about $14 million in cash, property and stocks from his ailing mother while managing her finances. The filing suggested that the bank might pursue litigation against the son, Anthony D. Marshall, to get some of the money and property back." The article further suggested that Brooke Astor's mental competency might be an issue, which put the transfer to her son of her estate in Maine as well as $3.4 million in securities into question. According to a statement in the affidavit that was presented to the New York Supreme Court by J. P. Morgan Chase, “We understand that Mrs. Astor’s signature may appear on certain documents relating to these gifts, but questions have been raised as to Mrs. Astor’s competence at this point in time to participate in such transactions and therefore the extent to which Mr. Marshall alone implemented these transactions."
On December 5, 2006, an independent court evaluator released a report stating that the specific claims of elder abuse were not proved. In the report, the court evaluator identified numerous financial dealings that were suspect. As of December 2006, at least some of these appear to be under investigation by the Manhattan District Attorney's office. It was reported that Marshall was ordered to return to his mother's estate $11 million in assets, which included art, jewelry and money. He also agreed in the settlement to "cede any claims to his mother's medical treatment or finances."
Following Brooke Astor's death, questions were expected to arise over changes made to her will in 2003 and 2004 that transferred beneficiaries from some of Astor's favorite institutions, like the Metropolitan Museum and the New York Zoological Society, to the Anthony Marshall Fund.
Read more about this topic: Anthony Dryden Marshall
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