Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

JPZenger

(6,819 posts)
Sun Nov 9, 2014, 12:16 PM Nov 2014

Billionaire's kids claim family trust fund was cleaned out to keep right wing newspaper in operation

http://www.post-gazette.com/local/region/2014/11/09/Scaife-children-seek-details-on-trust-drained-to-support-Tribune-Review/stories/201411090179

The continuing saga of the late billionaire Richard Mellon Scaife's disappearing fortune. According to the article, he didn't mention his two kids in his will. The family trust fund that Scaife inherited was reportedly cleaned out over a number of years to keep his right wing newspaper in operation. His kids thought they were supposed to inherit the remaining funds.

Scaife was mainly famous for funding the attacks on Pres. Clinton in the 1990s and for funding many right wing organizations.
10 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Billionaire's kids claim family trust fund was cleaned out to keep right wing newspaper in operation (Original Post) JPZenger Nov 2014 OP
Boot staps and all that.. I'm not feeling too bad, they are in a position to know the top glowing Nov 2014 #1
Buffet kids at least know they aren't getting anything yeoman6987 Nov 2014 #2
Ain't that a damn shame CanonRay Nov 2014 #3
Too bad. I understand WalMart is hiring KansDem Nov 2014 #4
It must be depressing to find out Turbineguy Nov 2014 #5
It is crushing to learn that one in not a billionaire but is merely a multi-millionaire. So ..... marble falls Nov 2014 #6
finally, justice roguevalley Nov 2014 #7
Whether they're worth two cents or $2 billion, they've got a point jmowreader Nov 2014 #8
Exactly. blue neen Nov 2014 #9
Yeah, I never really got the "it's okay to screw them, they have money" thing jmowreader Nov 2014 #10
 

glowing

(12,233 posts)
1. Boot staps and all that.. I'm not feeling too bad, they are in a position to know the top
Sun Nov 9, 2014, 12:18 PM
Nov 2014

of the top and probably educated to the hilt...

 

yeoman6987

(14,449 posts)
2. Buffet kids at least know they aren't getting anything
Sun Nov 9, 2014, 12:21 PM
Nov 2014

Lol. The kids THOUGHT they were getting the rest of the money. Lol. Assume and all. No guarantees in life.

marble falls

(57,080 posts)
6. It is crushing to learn that one in not a billionaire but is merely a multi-millionaire. So .....
Sun Nov 9, 2014, 05:28 PM
Nov 2014

I've been told.

I know: Lets take up a collection.

jmowreader

(50,557 posts)
8. Whether they're worth two cents or $2 billion, they've got a point
Mon Nov 10, 2014, 03:38 AM
Nov 2014

If it turns out Richard Mellon Scaife funded his attempt to destroy the country by robbing his children, as it appears he did, they deserve to be made whole out of the Dick's personal estate.

jmowreader

(50,557 posts)
10. Yeah, I never really got the "it's okay to screw them, they have money" thing
Mon Nov 10, 2014, 05:28 PM
Nov 2014

It's not okay to screw people out of money. Ever. No matter how much they have. We'd be aghast, and rightly so, if he was screwing his employees or the taxpayers...but let him fuck over his own kids? "Well, they must have deserved it, they were rich." In some ways that's worse than screwing his employees - his employees always have the option of quitting and going to work for another company. His adult children can't go to the rich guy across town and ask to be adopted.

Latest Discussions»Region Forums»Pennsylvania»Billionaire's kids claim ...