Pincus Family Fights Over $50 Million Duplex At The Pierre

The New York Observer:

One way to tell the story is to say that Mr. Pincus' two sons want to sell off their father's $50 million, 7,000-square-foot, 14-room duplex at the Pierre, where the monthly maintenance is over $27,000, and give the proceeds to charity. The princess, the type of person who can spend $6,508 of Mr. Pincus' money on towel warmers, wants it for herself. "They feel," a source close to the sons said after they sued in August to ensure a sale, "like she's going to stop at nothing."

The real story is immensely more complicated. There are, according to years of documents obtained by The Observer, ferocious emails, unreliable letters and a failed agreement to give the princess the Pierre duplex, plus well over $100 million, if she limited her time with Mr. Pincus to four chaperoned meals and an outing per week. She would not have been involved in burial service plans.

Read the whole story: The New York Observer

Comments

[yemaya]

who gives a crap

[petef59]

WHO cares?

[GreenN10]

Goldman and Bank of Amerika run the markets along with Geithner, and beagle boy Ben. There is no free markets, only welfare capitalism and socialism for capitalism.

good articles: http://www.iamned.com

[newtom]

The ugly face of greed.

[dadw5boys]

If you need to spend $25 Million for an apartment then your Ego might be running away with you.

$50 Million would cover the needed supply line for food in Africa. They have tons of food but can not transport it fast enough to where it is needed.

A rail line -- go figure.

[LHoney]

Well... now that the one percenters have robbed all of us blind, they will have no choice but to start on each other. Should be fun to watch for a while, until the lights go out...

[janeycat]

wow what a story...what a life

and i thought i had it bad being poor

i sure would not trade with them for a minute

all the drama

[JScott]

Veronica Hearst lost her mansion in foreclosure---oh boo hoo, she still can lodge at the family compound next to Hearst Castle or other abode nearby in San Simeon.