ABC Money
Home

Lawyer for Astor's son pleads not guilty


Published :
Fri, 30 Nov 2007 21:59
By : Agencies
Print this Story


AddThis Social Bookmark Button

NEW YORK (AP) - An attorney who was once suspended from practicing law pleaded not guilty Friday to face charges that he helped Brooke Astor's son loot the philanthropist's $198 million estate.

Francis X. Morrissey Jr., 65, a trusts and estates lawyer, faces charges of forgery, criminal possession of a forged instrument, scheme to defraud and conspiracy in connection with changes made to the socialite's will. Prosecutors claim he forged Astor's name when she was too weak to sign for herself.

'Under the guise of representing Mrs. Astor, when she had diminished mental capacity, the defendant in reality worked himself into a position to collect millions of dollars when she died,' said prosecutor Peirce Moser.

Morrissey's attorney, Perry Krinsky, left court without commenting.

Anthony Marshall, Astor's 83-year-old son, pleaded not guilty Tuesday to grand larceny, scheme to defraud, conspiracy and other charges.

Astor, known for decades as the doyenne of New York society and philanthropy, gave away nearly $200 million to institutions before dying in August at age 105. She left a fortune estimated at more than $130 million and a trust valued at more than $60 million.

In the final year of her life, the nasty family feud over her care was splashed all over the city's tabloids -- including allegations that she was forced to sleep in a torn nightgown on a couch that smelled of urine while subsisting on a diet of pureed peas and oatmeal. Those allegations were never substantiated.

The 18-count indictment unsealed earlier this week charges that Marshall and Morrissey took advantage of Astor's diminished mental capacity -- she had been diagnosed with Alzheimer's disease in 2001 -- to defraud her and the charities named in her will out of millions of dollars.

Prosecutors allege that Morrissey and Marshall induced her to execute amendments to her will leaving more money to Marshall and higher fees for Morrissey. Morrissey is accused of forging Astor's signature on one of the amendments.

Morrissey was suspended from practicing law for two years in the mid-1990s for taking $925,000 from a client's escrow account without the client's permission. He was reinstated in 1998.

While he has been accused of using undue influence to get elderly clients to name him as a principal beneficiary of their estates, he had never been criminally charged until this week.

Astor's money was left to her by her husband, Vincent Astor, who died in 1959. Vincent Astor was the great-great-grandson of John Jacob Astor, who made a fortune in fur trading and New York real estate.

Astor's oft-quoted motto summed up her prodigious generosity in nine words: 'Money is like manure; it should be spread around.'

Among her beneficiaries were what she called the city's 'crown jewels' -- the New York Public Library, Carnegie Hall, the Museum of Natural History, Central Park, the Bronx Zoo and the Metropolitan Museum of Art.

Morrissey and Marshall were ordered to return to court on Jan. 30.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




Share on


 You Might Like
Lawyer surrenders in Astor estate case
Judge chides participants in Astor fight
+
NY lawyer: Steroid probe charges dropped

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
7552.29
-444.99 ( -5.57 %)
NASDAQ
1316.12
-70.30 ( -5.12 %)
FTSE 100
3874.99
-130.69 ( -3.26 %)

SYMBOL ( 2008-11-20 )
LAST
CHANGE
NEXT ( 11:35am )
970.00
+40.00 ( 4.43 %)
NORTHERN ROCK ( 11:35am )
182.00
+19.04 ( 11.20 %)
SMITHS GROUP ( 11:35am )
756.50
+17.00 ( 2.37 %)
BSKYB GROUP ( 11:35am )
375.00
+11.75 ( 3.36 %)
LONMIN ( 11:35am )
734.00
+9.50 ( 1.36 %)

SYMBOL ( 2008-11-20 )
LAST
CHANGE
GENERAL MOTORS ( 4:02pm )
2.88
+0.09 ( 3.56 %)
AMERICAN INTERNATIONAL GROUP INC ( 4:03pm )
1.44
-0.12 ( -7.59 %)
INTEL CP ( 4:00pm )
12.23
-0.26 ( -2.12 %)
WAL MART STORES ( 4:01pm )
50.66
-0.34 ( -0.67 %)
BOEING CO ( 4:01pm )
37.11
-0.37 ( -1.00 %)

SYMBOL ( 2008-11-20 )
LAST
CHANGE
AXSYS TECHS INC ( 4:00pm )
59.17
+5.11 ( 9.24 %)
DAILY JOURNAL CP ( 9:30am )
40.93
+4.93 ( 12.04 %)
GYMBOREE CP THE ( 4:00pm )
19.31
+2.83 ( 15.50 %)
NOVATEL INC ( 3:26pm )
38.80
+2.76 ( 7.65 %)
ALLEGIANT TRAVEL COM ( 4:00pm )
37.06
+2.21 ( 6.35 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.