Ex-Investment Bankster Accused By His 86-Year Old Mom Of Strong-Arming Her Out Of Dead Hubby's Will, Swiping $500K+ Proceeds From Sale Of Marital Home
In New York City, the New York Post reports:
- A former Lehman Bros. banker strong-armed his 86-year-old mother out of her husband’s will — and took a half-million dollars from the sale of her Fifth Avenue home, she charges in a lawsuit.
Helen Bacanovic, who stood by her older son Peter’s side when he was convicted of perjury in the 2004 Martha Stewart trial, lost her husband, Rabe, in January.
Her younger son, Paul, 49, filed a will with the court in February that named him as its “sole executor” and “left [Helen] no money,” the Manhattan Supreme court papers charge.
But his ailing mom insists in an ongoing Manhattan Surrogate’s Court case that Rabe’s “signature on page seven of the purported will appears to be a forgery.”
In that proceeding, Paul argues that his parents were separated when his dad died and that his dad willingly signed over his $220,000 estate to Paul’s kids.
His mom says she “suffered a stroke” on March 13 “and is in desperate need of money for her medical care and maintenance.” She adds that she sold the two-bedroom condo that she and Rabe owned at 923 Fifth Ave. for $1.6 million last spring and now lives on East 67th Street.
But, she says, Paul swiped $515,000 from that sale. He claims in legal papers that was to repay a $500,000 loan he gave his parents.
A lawyer for Paul yesterday declined to comment until after they’ve reviewed the lawsuit. His brother, Peter, 51, declined to comment outside his mother’s new Upper East Side digs.