Fugitive Seattle real-estate millionaire and wife arrested in France
Source: Seattle Times
Fugitive Seattle real-estate magnate Michael R. Mastro and his wife, Linda, have been arrested in France after 16 months on the lam.
... The office also unsealed a criminal complaint filed against the Mastros in August 2011, charging them with six counts of bankruptcy fraud.
... The Mastros disappeared in June 2011, days after the judge in Michael Mastro's massive bankruptcy case ordered the couple to turn over two giant diamond rings valued at $1.4 million.
... The complaint alleges that, after entering bankruptcy, the Mastros failed to disclose a bank account to the court, then used the account over the next eight months to write checks for about $285,000 in personal expenses.
... Checks were written for American Express payments, loan payments on the couple's Bentley and Rolls-Royce, the purchase of $100,000 in gold, and purchases from department stores, including Macy's, Barney's and Nordstrom, according to the complaint.
Read more: http://seattletimes.com/html/businesstechnology/2019510730_mastro25.html
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