Following The Carlina White Money Trail

[meegbear]

The feel-good story of kidnap victim Carlina White lasted all of a couple of weeks before financial recriminations drove a wedge between the 23-year-old woman and her birth parents.

After last month’s family reunion, White--who was snatched from a Harlem hospital three weeks after her July 1987 birth--began pressing her parents, Joy White and Carl Tyson, for money the couple received to settle a lawsuit brought against New York City’s Health & Hospitals Corporation (HHC).

In a Today Show interview, Joy White said, "I’m disappointed. It really hurts me that it’s all about money." Carlina White has also reportedly returned to using the name Njedra Nance, which was given to her by Ann Pettway, the woman who raised her--and who is now jailed on a federal kidnapping charge.

Records show that White’s parents settled their lawsuit against HHC in late-1992 for $750,000. More than a third of that figure went to the couple’s lawyer, with the remaining balance--$487,929.84--divided into three equal shares, according to a U.S. District Court order.

Joy White and Tyson received $162,643.28 apiece, while the third share was placed into a trust for their missing daughter. A February 1993 agreement stipulated that the funds would remain in the trust until July 15, 2008, the day Carlina turned 21. If she had not been found by that date, the trust would terminate and Joy White and Tyson would receive "the principal of the trust estate and any income earned."

According to court documents, White’s parents sought to cash out their missing child’s trust five years before it was scheduled to expire.

In late-2003, the pair petitioned a federal judge for an order terminating the trust and “accelerating” payment of its assets to them. At the time, the Carlina White trust was worth more than $195,000, according to UBS Paine Webber investment statements.

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http://www.thesmokinggun.com/documents/crime/following-carlina-white-money-trail

[Angry Dragon]

1. Sad story