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Old 11-21-2011, 02:52 PM
Jeana Jeana is offline
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Default $1 million a month spent while in hospital???

It's amazing how fast you can run through $170 million these days, all without leaving your hospital room.

Court documents filed in a legal battle over the $400 million estate of Huguette Clark shed light on how the reclusive and eccentric mining heiress--who died in May at 104 after spending the last 22 years of her life in a hospital--spent her fortune. Clark's relatives--the descendants of her father, William Clark, a copper and banking tycoon and U.S. senator who was born before the Mexican War of 1840--are expected soon to challenge her will, which cut out her family entirely.

Among the revelations in the court documents, MSNBC reports:

• Since 1996, $170 million--or $1 million a month--was spent from Clark's personal account or from an account controlled by her lawyer and accountant, who held legal power of attorney during that period. Both the attorney, Wallace Bock, and the accountant, Irving Kamsler, are reportedly being investigated by law enforcement for their handling of the fortune.

• Au Nain Bleu, a doll and toy shop in Paris, was paid $2.5 million between 1997 and 2006. A friend of Clark's said her dolls were "her closest companions."

• Theriault's, an auctioneer of dolls, received $729,000 between 1997 and 2009.

• Clark paid a combined $60 million to the IRS and in New York state income taxes, since 1996.

• A charity that built a controversial security system for Jewish settlers in the West Bank received $1.85 million in donations. Bock's daughter lives in the settlement protected by the system.

• Bock's law firm received around $250,000 a year, and Kamsler around $90,000. If Clark's will is allowed to stand, both men would receive much more--more than $8 million--as beneficiaries and as executors of the estate.

• Clark's private nurse, Hadasah Peri, received a $5 million lump-sum payment, and around $131,000 a year.

• Beth Israel Medical Center in New York, where Clark lived even though for most of that time she wasn't sick, received about $4.9 million since 1997, or around $1,000 a day.

• Clark's closest friend, Suzanne Pierre, who served as her social secretary, received almost $12 million.

• Clark spent $3.75 million on taxes and co-op fees to maintain her unoccupied 15,000-square-foot Fifth Avenue apartment. She also paid more than $100,000 a year on property taxes for her New Canaan, Conn. country home.

Both Bock and Kamsler have declined to comment on their management of their accounts, but their representatives have said the men acted honorably in complying with Clark's wishes.


http://news.yahoo.com/blogs/lookout/...165316792.html
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  #2  
Old 11-21-2011, 03:08 PM
Chelle Chelle is offline
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I believe it. My husband wouldn't even let me look at my bills after the double mastectomy, chemo and reconstruction.
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Old 03-13-2012, 02:51 PM
Jeana Jeana is offline
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Revealed: The stunning $12million hoard of diamond jewels owned by reclusive heiress Huguette Clark as they go up for auction

Recluse: Mysterious heiress Huguette Clark left behind a vault of diamond jewels when she passed away last year
She was one of America's most mysterious characters, her life the subject of speculation and intrigue.
Huguette Clark, who died last year at the age of 104, was reputedly the nation's fourth richest woman - and now a selection of her dazzling jewels are going on sale.

The copper heiress' estate is gradually being sold off following her death in May. The recluse had not been photographed since 1930 and few knew about her private world.

The latest items to go on sale from the heiress' haul are a set of stunning jewels - with a single pink, nine carat, cushion-cut diamond among the collection is alone valued at $6million to $8million.
The showstopping gem is joined by two dazzling diamond bracelets, a diamond ring, a brooch and a charm bracelet.
They are to be auctioned by Christie's on April 17 and have a combined value of approximately $12million.



Read more: http://www.dailymail.co.uk/femail/ar...#ixzz1p1ZhtXzl
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Old 03-14-2012, 12:56 AM
withay withay is offline
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To give her credit, it sounds like she lived the life she wanted to live and it was her money!
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Old 03-14-2012, 04:13 AM
moonlite64 moonlite64 is offline
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Quote:
Originally Posted by withay View Post
To give her credit, it sounds like she lived the life she wanted to live and it was her money!
Greetings'

Yes' I agree. Except that her attorney and accountant from what I read are being investigated by the District Attorney. Now that doesn't sound like someone who in their right mind would agree what these two did.
http://www.msnbc.msn.com/id/38905674...ocal_business/

After a series of articles on msnbc.com, the Manhattan district attorney's Elder Abuse Unit began looking at transactions in her bank accounts, as well as the sale of her Stradivarius violin for $6 million and a Renoir painting for $23.5 million. http://www.msnbc.msn.com/id/39087022...ocal_business/

I would question the attorneys amd accountants attentions. I mean the accountant is a pedophile caught with child porn. The attorney I believe has taken advantage of Ms.Clark.

Moonlite
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Old 04-18-2012, 06:48 AM
Jeana Jeana is offline
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A charmed life: Reclusive copper heiress' jewelry brings $21million at New York City auction

Signed pieces of Cartier and Tiffany jewelry belonging to a late Montana copper mining heiress have sold for nearly $21million at a New York City auction.

Christie's said Tuesday's sale from the estate of Huguette Clark had caught the attention of collectors worldwide.

The star of the collection, a rare pink cushion-cut 9-carat diamond ring, sold for nearly $16million.

The auction house had estimated the collection of 17 pieces would bring between $9million to $12million.

But many of the pieces, including the stunning pink diamond, sold for double, and occasionally - in the case of a single-strand pearl and diamond necklace by Tiffany & Co - as much as eight times Christie's estimates.

Pieces from the art deco period dominated the lot, such as Ms Clark's collection of gold and diamond Cartier bracelets.

Photo frames by the luxury label, marked by onyx, turquoise and diamond accents, went to the highest bidders at $74,500 each - well above their $4,000 to $7,000 estimates.

The pieces give some insight into the life of one of America's most mysterious heiresses.

Ms Clark, who was 104 when she died last year at New York's Beth Israel Medical Center, was notoriously shy and reclusive during her years.


Read more: http://www.dailymail.co.uk/news/arti...#ixzz1sO73pO8p
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Old 05-08-2012, 03:38 PM
Jeana Jeana is offline
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Qatar prime minister's bid for Huguette Clark's apartments rejected despite $31.5 MILLION offer

With billions in the bank the prime minister of Qatar certainly has no shortage of cash to invest in a couple of Manhattan’s swankiest apartments.
But - with two wives and 15 children - he also has no shortage of family, and therein may lie the problem with moving into two apartments belonging to copper heiress Huguette Clark, according to sources from the building.

Sheikh Hamad bin Jassim bin Jaber al-Thani laid down a staggering $31.5million bid for the apartments but was stonewalled by the building's co-op board, which reportedly won't accept his bid.


Read more: http://www.dailymail.co.uk/news/arti...#ixzz1uJCt5g8Y
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Old 05-23-2012, 10:18 AM
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Staff 'coerced heiress Huguette Clark into giving them $44 MILLION in gifts - including $31 million for her nurse alone'

Staff for reclusive mining heiress Huguette Clark - including her nurse, attorney and accountant - coerced her into giving them more than $44 million in gifts before her death, a lawsuit has claimed.
The executor of Clark's estate has asked a Manhattan court to demand the money is repaid, including the $31 million the heiress gave her nurse and the $3.1 million she gave her two doctors.
While Clark, who died aged 104 in May 2011, signed the checks herself or sent letters authorising the gifts, the executor claims the ailing heiress was influenced by those who received the sums.


Read more: http://www.dailymail.co.uk/news/arti...#ixzz1vhc43yAo
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Old 12-31-2012, 12:51 AM
moonlite64 moonlite64 is offline
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Relative of deceased heiress Huguette Clark found dead in Wyoming, might have seen $19M inheritance

Read more: http://www.nydailynews.com/new-york/...#ixzz2GbdKonOg
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Old 12-31-2012, 12:52 AM
moonlite64 moonlite64 is offline
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Recipients of gifts from late, reclusive heiress Huguette Clark may have to give them back

Read more: http://www.nydailynews.com/new-york/...#ixzz2GbdXyku8
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Old 01-04-2013, 01:09 AM
moonlite64 moonlite64 is offline
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Greetings'

I came across this book online and thought it had some interesting things about the Clark family. W.A. Clark Jr. was a pedo.

The Clarks, an American phenomenon, by William ... . Mangam, William Daniel http://onlinebooks.library.upenn.edu...?key=olbp54171.
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