Transaction Fees On Parental Care . . . Interesting Concept (Just Kidding, Ma!)
I don’t recall reading certain details in the New York Magazine pushback piece on Anthony Marshall. Like, for example, this:
Posted: November 27th, 2007 | Filed under: Everyone Is To Blame HereBrooke Astor’s only son and one of her former lawyers have been indicted on criminal charges stemming from the stewardship of her financial affairs and the handling of her will, according to people who were briefed on the situation.
Her son, Anthony D. Marshall, 83, and the lawyer, Francis X. Morrissey Jr., have been told to surrender to authorities today, those who were briefed said.
A Manhattan grand jury has been hearing evidence from witnesses since mid-September, following an investigation by the district attorney’s office into, among other issues, the management of Mrs. Astor’s fortune by Mr. Marshall as well as Mr. Morrissey’s role in the signing of a third amendment to her 2002 will.
The exact charges against the two men, who have been partners in a theater production company, were not known.
Prosecutors were believed to be investigating millions of dollars in cash, property and stocks that Mr. Marshall obtained over the years in his role as steward of his mother’s finances.
That included the sale of one of Mrs. Astor’s favorite paintings, “Flags, Fifth Avenue,” also known as “Up the Avenue from Thirty-Fourth Street, May 1917,” by Childe Hassam, for $10 million.
Mr. Marshall collected a $2 million fee from his mother for handling the transaction.