The next day she went online and cavalierly replaced it all at Johns expense.. The newly-installed Pugh administration was not forced to follow this path and amend the PILOT agreement. Thus, H&Ss offer of $1.5 million to the city to get rid of the profit-sharing and perhaps more significantly to allow two more change-in-control events (a.k.a. The opinion upholds Cavanaughs ruling that Roula Paterakis claim she was deprived of her rightful inheritance by sham trust transactions perpetrated by her stepchildren did not have merit. John Paterakis Sr.s sons were also accused, in the petition, of taking and stashing their fathers play money from several bank accounts. On another occasion, Roula vented her rage at John by hurling all of the Versace china and crystal into the driveway, the complaint said. Roula Paterakis wants the court to see her as a victim, but as our filing today shows, she was no victim, said Jeffrey E. Nusinov, who represents William Paterakis and Venice Smith. A Baltimore County judge has dismissed the majority of a lawsuit brought by the second wife of John Paterakis Sr. accusing his familyof withholding her rightful share of the baking magnate and developers estate. And if there's a lot of money that's at stake, to mix metaphors, that's almost strike three. But his political largesse landed him in hot water in 2010. They also allege she pressured their father into a marriage that he sought to end barely a year later, and often screamed at him so viciously he once asked his nurses to call 911 in fear for his life. John Paterakis Sr.s involvement in politics wasnt without controversy. By 2015, the suit said, he was frail and kept alive with drugs flown in from outside the country.. These cookies do not store any personal information. "The Paterakis family is determined to resist her effort, to establish the truth about what occurred and to vindicate the family's good name." . She alleged that Bill Paterakis and Venice Vanessa Paterakis Smith, the siblings designated as the personal representatives of their fathers estate, had tried to get him to divorce her. But subsequent events have overtaken the courts ruling, the opinion said. According to Forbes and industry experts' latest study, John Paterakis estimated net worth is more than a couple of million USD. Developer. Additionally, it should be noted, the Paterakis family picked up 10 years worth of EZ (Enterprise Zone) tax credits from the state. It is mandatory to procure user consent prior to running these cookies on your website. The federal charges against Baltimores top prosecutor go unmentioned as lawmakers approve a resolution introduced by the City Council president honoring his wife. All rights reserved. An example of data being processed may be a unique identifier stored in a cookie. Roula Paterakis will receive what she was left as either a beneficiary or co-owner when John Paterakis died on Oct. 16, 2016, at age 87. Weiner, defending his client from those accusations said at the time: If John Paterakis Sr., had been mistreated by his wife, where were his adult children while that supposedly took place? Weiner is with Rifkin Weiner Livingston LLC in Baltimore. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. We also use third-party cookies that help us analyze and understand how you use this website. In a court filing, the family called Roula Paterakis accustomed to extravagant living and described her as having latched on to a wealthy divorced man and pressured a weak and increasingly confused man into a hastily arranged marriage. Charles's annual salary is between $30 . Paterakis' will, submitted to the Baltimore County Register of Wills on Oct. 24, 2016, offers no details on how he wanted his estate distributed, referring instead to a trust that apparently includes those terms. for help. Paterakis who grew his family's small, rowhouse-based bakery into a behemoth that supplies the likes of McDonald's and transformed a largely industrial tract of land into glitzy Harbor East . Paterakis who grew his familys small, rowhouse-based bakery into a behemoth that supplies the likes of McDonalds and transformed a largely industrial tract of land into glitzy Harbor East died the following month. Any cash a person keeps around must be reported in an estate inventory, she said. We intend to vigorously defend our familys good name and the legacy of our father.. Mayor Pugh ratified the deal without comment yesterday. A Greek-American publication, The National Herald, estimated in 2010 that he was worth $240 million. Documents filed in Orphans' Court show trouble brewing between Roula Paterakis and her husband's children by his first wife over the past year. The suit over the millions left behind by the H&S Bakery patriarch, filed in 2017, one year after his death, exposed a bitter rift between his second wife, Roula Paterakis, and the six grown children from his first marriage. Paterakis died on October 16 at age 87. There is the Paterakis who was awash in cash, stashing millions of dollars in safes and "play money" accounts that he used for gambling or buying expensive gifts. Washington, District of Columbia 20015. By: Steve Lash Required fields are marked *. Additionally, they defended the trusts that Roula Paterakis claimed were shams as above board and part of their fathers estate planning. Continue with Recommended Cookies, Your email address will not be published. Since John Paterakis had surviving children, Roulas elective share would have been one third of his estate. (Karen Jackson/Baltimore Sun). Their expressed concerns about Johns welfare manifest themselves only after he is dead and when they are fighting over his assets, Weiner said. Subscribers to Maryland Family Law Update can access the digital edition archive. The appeals court also found Cavanaugh erred when she dismissed a claim for declaratory relief without declaring the rights of the parties. FROM THE BREW ARCHIVES: Developer Paterakis orchestrates $130,000 in campaign contributions to Sheila Dixon (3/29/16), Tax breaks for developers economic development or corporate welfare? After Dixons loss in the primary, Paterakis and his four sons, who serve in executive positions at the company, turned their financial faucet to state Sen. Catherine E. Pugh, who is the Democratic Partys nominee for mayor in the general election. "They almost always settle," Tanouye said. Paterakis widow ends multimillion-dollar lawsuit against his children, Video Series: Off the Record with Sloane Brown, YOUR CALIFORNIA PRIVACY RIGHTS/PRIVACY POLICY, Marris Hoffee and Jamie Ferguson | Mid-Shore Pro Bono, Sheila McDonald, Marciel Rojas Rosario, Derek L. Simmons, Chick Zoll and Michael Latimer | Board of Child Care. The $570,000 that the siblings retrieved from one of their fathers safe deposit boxes in 2013 are considered gifts, and he had no additional cash in them at the time of his death. His widows attorney, Arnold M. Weiner, would not say why she decided to drop her claims to more of her husbands assets. ____________________________________. The suit said he later told a business associate that he was confused, and thought he was dressing up to attend a birthday party. Contact Tobin OConnor Concino P.C. Crumbs being relative, of course, with the Court of Special Appeals sending the issue of the alleged $20 million promise back to the lower court for review. His ascension to the ranks of the worlds wealthiest people is directly related to this success. This week, the Baltimore Sun announced that Mrs. Paterakis has withdrawn her lawsuit against her stepchildren and a business associate of her husbands over her inheritance. (Fern Shen). Bill Cole insisted yesterday that the $1.5 million payment by H&S is far above what we believe the city would get in the remaining seven years of the PILOT.. Jeffrey E. Nusinov, who represents Bill Paterakis and Smith, said Roula Paterakis suit, which initially sought a third of what she said was her husbands $1 billion fortune, has been chipped away over the years to almost nothing. In the following six years until now, the citys PILOT agreement has (depending on your point of view) saved a prominent family $24 million or deprived the city now facing the layoff of hundreds of school teachers because of a looming $130 million budget deficit of the same amount. Paterakis was widely remembered for his contributions to Baltimore. There were also funeral expenses and probate fees and other administrative costs. 3/1/23 UPDATE: Following publication of this story, the Board of Estimates deferred action on the price increase. Roula Paterakis is gratified that she will now have her day in court so that she can pursue this substantial cause of action the interference with the $20 million promise, said her attorney, Arnold M. Weiner. The most Paterakis families were found in USA in 1920. He and Roula Passon began dating in 1997, she moved in with him in 2001 and they married in 2015, according to her lawsuit. flips of the buildings ownership) during the seven years remaining of the PILOT. You also have the option to opt-out of these cookies. That there would be a squabble over how that is dispersed is "not surprising" given the family dynamics, Tanouye said. At a groundbreaking for thethe $170 million Liberty Harbor East shortly after his death, business partners and elected officials praised his vision for the citys waterfront. Eventually, he invested in real estate development, such as Harbor East, which reshaped the citys waterfront skyline. Paterakis was fined $25,000 and banned from making political contributions until 2012. How much Paterakis left behind after his death at age 87 and how much will go to his second wife are at the crux of a family feud playing out in multiple court filings. But opting out of some of these cookies may have an effect on your browsing experience. View Guidelines. Smith said their father had instructed them to do that if he ever became seriously ill because it was intended for them. All such claims were outright rejected, affirming the trial Courts well-reasoned ruling two years ago. In recent months, the family dispute has played out in multiple filings across various courthouses. It is mandatory to procure user consent prior to running these cookies on your website. In alleging that John Paterakis was worth $1 billion, his widow cites a figure that far outstrips the last public estimate of his fortune. A probate lawyer in Southern Maryland can help you if family members who never accepted you are using probate as a venue in which to antagonize you. On Oct. 11, she sought another three-month extension, citing a dispute over the estate. But the siblings suit casts doubt on that document, saying it is not signed or witnessed. He was referred to as the bread man by some politicians, a reference to his bakery and ability to provide campaign contributions. Roula Paterakis will receive what she was left as either a beneficiary or co-owner when John Paterakis died on Oct. 16, 2016, at age 87. Subscribers to Maryland Family Law Update can access the digital edition archive. All that remains of the lawsuit are defamation and false light claims, according to Jeffrey E. Nusinov, a lawyer for the family. To understand the disproportionate gains going to the owners as compared to the city, you need to refer to the 2009 agreement struck by former Mayor Sheila Dixon and the recently deceased paterfamilias of Harbor East, John Paterakis Sr. But opting out of some of these cookies may have an effect on your browsing experience. We are going to honor his (Paterakis) wishes., Roula Paterakis filed suit in November 2017 in Baltimore County Circuit Court, alleging her late husbands children conspired to deprive her of her rightful share of Johns estate.. The consent submitted will only be used for data processing originating from this website. His six children from his first marriage were the main beneficiaries of his non-probate assets; two of them, his son William Paterakis and his daughter Venice Paterakis Smith, were also the personal representatives of the estate. He bought a largely industrial swath of land on the east side of the Inner Harbor, close to the H&S Bakery in Fells Point, and developed it into the glitzy Harbor East neighborhood. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. John Paterakis involvement in politics wasnt without controversy. The siblings suit says that John Paterakis had some bakery business cash delivered to the house and some or all of these funds may not have been properly reported for tax purposes. But it goes on to allege that Roula Paterakis routinely spent and benefited from this cash and was unjustly enriched by amounts that should have been paid in taxes.. This category only includes cookies that ensures basic functionalities and security features of the website. 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