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Geragos sues Yeghiayan Alleging Fraud in Genocide Settlements

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  • Geragos sues Yeghiayan Alleging Fraud in Genocide Settlements

    Geragos Sues Yeghiayan Alleging Fraud in Genocide Survivor Settlements

    LOS ANGELES—Attorneys Mark Geragos and Brian Kabateck filed a law suit in Los Angeles County Superior Court Friday, alleging their one-time partners in the Genocide survivor insurance settlement case, Vartkes Yeghiayan and Rita Mahdessian defrauded the community by diverting settlement funds to fictitious charities, reported the Daily Journal Monday.

    The suit alleges that the funds were to be donated to existing community organizations, as mandated by the ruling on two class action law suits in Los Angles federal court that sought life insurance money for family and descendants of the Armenian Genocide survivors and victims.

    In the lawsuit, Geragos and Kabateck are alleging that Yeghiayan and Mahdessian misappropriated some $1 million slated for Armenian community organization in what is known as a cy pres settlement—funds that are to be distributed to charity instead of individuals.

    One such organization cited in the lawsuit goes by the name of Coservatoire de la Memoire Armenienne, which the suit alleges is listed at a non-existent address on Avenue des Champs Elysee. The Daily Journal reported that the charity received $300,000 out of the $3 million settlement money earmarked for community organizations in the original lawsuit. This sum was earmarked to be distributed to France-based Armenian organizations to be allocated to educational programs to assist the needy.

    “It’s extremely disturbing,” Geragos told the Daily Journal, while Kabateck said he was “personally disgusted.”

    Yeghiayan denied the allegations made in the lawsuit in an interview with the Daily Journal, adding that Geragos and Kabatech were “pissed off” because they were left “out of” other Genocide settlement cases.

    In discussing the case with the Daily Journal, Yeghiayan accused Geragos and Kabateck of “hoarding more than $17 million,” reported the Daily Journal.

    The lawsuit seeks unspecified damages. The cases in question were against New York Life and other insurance companies and were settled in 2004 and 2005.

    Follow Asbarez for late-breaking information on this story.



    What a shame, if true!

  • #2
    Re: Geragos sues Yeghiayan Alleging Fraud in Genocide Settlements

    Originally posted by Davo88 View Post
    Geragos Sues Yeghiayan Alleging Fraud in Genocide Survivor Settlements

    LOS ANGELES—Attorneys Mark Geragos and Brian Kabateck filed a law suit in Los Angeles County Superior Court Friday, alleging their one-time partners in the Genocide survivor insurance settlement case, Vartkes Yeghiayan and Rita Mahdessian defrauded the community by diverting settlement funds to fictitious charities, reported the Daily Journal Monday.
    I must have second sight! When I was posting this http://forum.hyeclub.com/showthread....ht=#post309212 here a few days ago, I was thinking of adding a comment on the LA Times website that it is good that none of the corruption and misdirection of settlement funds that has blighted the various Holocaust reparations has been found in this Armenian Genocide settlement. Then I decided not to.
    Plenipotentiary meow!

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    • #3
      Re: Geragos sues Yeghiayan Alleging Fraud in Genocide Settlements

      File this under despicable, right next to stealing funds designated for disabled orphans.
      [COLOR=#4b0082][B][SIZE=4][FONT=trebuchet ms]“If you think you can, or you can’t, you’re right.”
      -Henry Ford[/FONT][/SIZE][/B][/COLOR]

      Comment


      • #4
        Re: Geragos sues Yeghiayan Alleging Fraud in Genocide Settlements

        Lawyers suing fraudsters....

        What was that saying in Armenian.... koghe koghen koghtsav, Asvadz desav zarmatsav.
        "Nobody can give you freedom. Nobody can give you equality or justice or anything. If you're a man, you take it." ~Malcolm X

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        • #5
          Re: Geragos sues Yeghiayan Alleging Fraud in Genocide Settlements

          Originally posted by KanadaHye View Post
          Lawyers suing fraudsters....

          What was that saying in Armenian.... koghe koghen koghtsav, Asvadz desav zarmatsav.
          *hides this post from resident lawyer Mouse*

          It's just their hourly rates I dislike, not the lawyers personally.
          I'm mixed about Geragos because of some of the people he's defended, but it's not right to hold that against him I suppose. If those high-profile cases helped put him in a position to do pro bono work benefiting Armenians and Armenia, great.
          [COLOR=#4b0082][B][SIZE=4][FONT=trebuchet ms]“If you think you can, or you can’t, you’re right.”
          -Henry Ford[/FONT][/SIZE][/B][/COLOR]

          Comment


          • #6
            Re: Geragos sues Yeghiayan Alleging Fraud in Genocide Settlements

            Originally posted by KanadaHye View Post
            Lawyers suing fraudsters....

            What was that saying in Armenian.... koghe koghen koghtsav, Asvadz desav zarmatsav.
            I also had this saying in mind.

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