Suit: Investment House Biggie Played Role In Deed Forgery In Effort To Thwart $25.3M Creditor From Attaching Interest In Ranch From Dying Cousin

In New York City, Reuters reports:

• Herbert A. Allen, founder of an annual business conference that draws a host of media moguls, is accused in a lawsuit of aiding a family fraud to stop a dying cousin's creditor collecting $25.3 million.

***

• The plaintiff, Excelsior Capital LLC, said Herbert A. Allen and others "forged or arranged for the forgery" of his cousin's signature on a deed for his interest in a family ranch in Arizona. It said the forgery took place on March 2 while he was on his deathbed in a hospital on New York's Long Island while the notarization indicated he signed in Manhattan on that day. He died in hospital seven days later.

***

• The complaint said that a close family friend and Allen & Company executive, Terence McCarthy, fraudulently notarized the signature. McCarthy was out of the office on Wednesday and unavailable to comment, the company said.

For the story, see NY investment house CEO Allen sued over "forgery".