content for publishing on our website. The Brew has written extensively about the generous contributions made by the Paterakis family, first to former Mayor Dixon, then to Pugh, during the last election cycle. October 27, 2021, This law suit (sic) appears to be no more than a desperate attempt by Roula to obtain more money than she was left in JPs Will, William Paterakis, chairman of H&S Bakery, wrote in a signed letter to employees soon after his stepmothers complaint was filed. That petition claimed William J. Paterakis and Venice Paterakis Smith, two of John Paterakis Sr.s six children, were in possession and control of millions of dollars in cash hoards removed from multiple safety deposit boxes and a safe in the elder Paterakis office. While John Paterakis, for all his business and civic prominence in Baltimore, lived a largely private life, the suits filed by his widow and now his children since his death expose much of what they claim was happening behind the scenes. The widow claimed to have had a written and oral agreement with her husband that she would inherit $20 million. Jeffrey E. Nusinov, the attorney representing the family, said the matters the trial court must reconsider will not substantially change the trial courts previous ruling in favor of his clients more than two years ago. Headquartered in Baltimore, Maryland, we operate as an integrated network of 10 bakeries and 30 distribution centers located strategically across the Eastern seaboard, not including our strategic partners which expands our reach even further. 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 suit alleges that the following summer, he discussed divorcing her with an attorney, but the attorney concluded that John Paterakis was too weak to go through such a battle. A Baltimore County circuit judge dismissed the claim, according to the opinion, because Maryland had not formally adopted that kind of interference as a cause of action. He paid a fine of $26,000 and was briefly barred from contributing to political campaigns, but came back strong during the current election cycle. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. This law suit (sic) appears to be no more than a desperate attempt by Roula to obtain more money than she was left in JPs Will, William Paterakis, chairman of H&S Bakery, wrote in a signed letter to employees soon after his stepmothers complaint was filed. Baltimore County Circuit Judge Colleen A. Cavanaugh found Roula Paterakis claim of sham trust transactions to be without merit, a determination affirmed by the Court of Special Appeals. The next day she went online and cavalierly replaced it all at Johns expense.. 1. He was referred to as the bread man by some politicians, a reference to his bakery and ability to provide campaign contributions. John Paterakis in an undated photograph at a family reception. We also use third-party cookies that help us analyze and understand how you use this website. In 2010, the Greek-American publication The National. The battle over the Paterakis fortune represents the worst-case scenario as far as probate disputes, but even a dispute over a smaller estate can be stressful. The agreement and judgment was a complete victory, said Jeffrey E. Nusinov, who represented William J. Paterakis and Venice Paterakis Smith, the siblings who were named by their father as personal representatives of his estate. In an unreported opinion filed Thursday, the Court of Special Appeals found Baltimore County Judge Colleen Cavanaugh erred in rulings involving issues regarding stashes of cash kept by John Paterakis Sr., and a written and oral agreement between John Paterakis and Roula Paterakis that she would inherit $20 million. But William Paterakis and Venice Smith have valued their fathers estate at just over $155,000. Unfortunately, and for personal reasons that I have not been authorized to share with you, Mrs. Paterakis determined that she should settle this matter as she has done and withdraw her action, her attorney, Arnold M. Weiner, said Wednesday. The Herald said that made him the 39th richest Greek-American in the country. Get breaking news, exclusive stories, and money- making insights straight into your inbox. Roula Paterakis Walks Away From Legal Dispute With Small Fraction of Late Husbands Estate. Paterakis married Antoinette "Toni" Apostolou, in 1950; they had six children and divorced about 40 years later. (The Daily Record/File Photo). Paterakis and his second wife had lived together since 2001, and married in 2015. These cookies will be stored in your browser only with your consent. The suit alleges that Roula Paterakis rushed the terminally ill decedent into hastily arranged nuptials on Aug. 2, 2015, not even inviting his children. His widows attorney, Arnold M. Weiner, would not say why she decided to drop her claims to more of her husbands assets. That at least is the view from Baltimore Circuit Court, where his widow Roula Paterakis sued the six children from his previous marriage on Nov. 13 for her share of what she says is a $1 billion fortune. The amount that leaves in dispute is about $570,000. The filing counters allegations Roula Paterakis made in her own suit, filed Nov. 13 in Baltimore City Circuit Court. Weiner said once thats addressed with a written declaration he intends to also pursue those issues in court. This law firm website is managed by MileMark Media. By clicking Accept, you consent to the use of ALL the cookies. This website uses cookies to improve your experience while you navigate through the website. Additionally, it should be noted, the Paterakis family picked up 10 years worth of EZ (Enterprise Zone) tax credits from the state. Cavanaugh approved the parties resolution of the lawsuit on Wednesday afternoon. During his last days, she asked for $5 million, but he died before his estate plans could be altered, the suit said. But, she said in her suit, Paterakis children raided the cash hoards and cleaned out play money bank accounts when he was ill and hospitalized, denying her a fair share after his death. John Paterakis Sr., the risk-taking Baltimore native who built his H&S Bakery into the largest privately owned bakery in the country and redeveloped Harbor East, died Sunday at Johns Hopkins. Mayor Pugh ratified the deal without comment yesterday. He was referred to as the bread man by some politicians, a nod not only to his successful bakery but to his ability to make campaign contributions. You dont do these deals if theres profit to be made. The family denied the allegations and called Roula Paterakis lawsuit desperate., This law suit (sic) appears to be no more than a desperate attempt by Roula to obtain more money than she was left in JPs Will, William Paterakis, John Paterakis Sr. son andchairman of H&S Bakery, wrote in a signed letter to employees in November 2017. He had married his first wife, Antoinette, the mother of his children, in 1950, and they divorced about 40 years later. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. "They almost always settle," Tanouye said. A final count, involving what Roula Paterakis said was her husbands promise to leave her $20 million, was dismissed. Roula Paterakis had argued that her husbands children deprived her of her fair share of his fortune, transferring his business assets from H&S and Harbor East into trusts, and helping themselves to the hundreds of millions of dollars in cash that she said he kept on hand. You also have the option to opt-out of these cookies. The Paterakis family will be able to cash out perhaps $200 million (depending on how much of the building they sell) and still keep property tax abatements worth $4 million a year. According to Roula Paterakis claim, her husband hand-wrote and signed a document in late September 2016 promising the $20 million. Eventually John Paterakis Sr. invested in real estate development, such as Harbor East, which reshaped the citys waterfront skyline. Our source scoffed at this explanation, saying, I bet its what George Philippou offered them, referring to the longtime lawyer for H&S Properties, who is married to the youngest daughter of the late John Paterakis. Daily Record Legal Affairs Writer Get your evening news in your e-mail inbox. The lawsuit also alleged that William J. Paterakis and Venice Paterakis Smith, two of her husbands six children, were in possession and control of millions of dollars in cash hoards removed from multiple safety deposit boxes and a safe in the elder Paterakis office. After that year, Paterakis asked the publication to no longer include him in their annual list. Here was a power player who had gotten what he wanted from City Hall for decades. John Paterakis involvement in politics wasnt without controversy. You are providing the support to help a marginal project to be viable.. But William Paterakis and Venice Smith say in their newly filed complaint that their fathers estate planning was lawful, and took place before he married his second wife. Eventually, he invested in real estate development, such as Harbor East, which reshaped the citys waterfront skyline. But opting out of some of these cookies may have an effect on your browsing experience. In general, Paterakis was involved in local and . ", Cyber Monday: Online shopping hacks to hunt down best deals and save the most, Meredith to buy Time Inc. for upward of $2.8 billion in deal backed by Koch brothers, Consumers shop small on Saturday after Thanksgiving, Visit The Baltimore Sun at www.baltimoresun.com. It is mandatory to procure user consent prior to running these cookies on your website. Those efforts failed in this last extortionate attempt, but only because of Johns age and ill health, according to the complaint. "There are legitimate ways to shelter income," said Bobby Waldrup, accounting professor and interim associate dean of the Sellinger School of Business at Loyola University Maryland. From his death in 2016 until now, his widow was involved in a legal dispute with the personal representatives of his estate, namely one of his sons and one of his daughters from his first marriage. Necessary cookies are absolutely essential for the website to function properly. By submitting your email to receive this newsletter, you agree to our, the children raiding cash from their fathers safe deposit boxes as he lay gravely ill, suit described scenes of turmoil before Paterakis death, spendthrift who once charged two Hermes Birkin handbags, Do Not Sell/Share My Personal Information. Compared to 2021 standards, respondents to the 2020 survey described the threshold for wealth as being a net worth of $2.6 million. Her suit described scenes of turmoil before Paterakis death and afterward, of fights breaking out in Harbor East restaurants and the siblings helping themselves to their fathers cash hoards and so-called play money. The siblings fired back, characterizing her as a spendthrift who once charged two Hermes Birkin handbags to her hotel room in Las Vegas and pressured him into a hasty wedding. His children also accused Roula Paterakis of berating and belittling John Paterakis Sr. But the Legg Mason Tower is scarcely marginal it boasts some of the highest rents in the city, is fully leased, and is under contract to sell at an extraordinary $480 per square foot, according to the Baltimore Business Journal. His influence spread far and wide from his humble beginnings as the son of a Greek immigrant who forsook college to help his dad run a small East Baltimore bakery. All such claims were outright rejected, affirming the trial Courts well-reasoned ruling two years ago. Has it ever occurred to the BDC to say, We cant solve every problem you have, Mr. In December, the company told the BBJ that it plans to retain an active and significant ownership and management interests in this trophy asset.. She filed a lawsuit in 2017, making public a feud within the family of a patriarch who for all his wealth and influence as a major political donor had lived a largely private life. Contact Tobin OConnor Concino P.C. That petition claimed William J. Paterakis and Venice Paterakis Smith, two of John Paterakis Sr.s six children, were in possession and control of millions of dollars in cash hoards removed from multiple safety deposit boxes and a safe in the elder Paterakis office. He was 87 when he died on Oct. 16, 2016, from complications of a bone marrow disease. The $1.5 million payment not only smooths the way for the propertys sale to CRBE, but will benefit H&S for years to come. The filing on Thursday, by siblings William J. Paterakis and Venice Paterakis Smith, also known as Vanessa, depicts their fathers second wife as a bad gambler and an extravagant spender once charging two Hermes Birkin handbags worth tens of thousands of dollars to her hotel room during a trip to Las Vegas who schemed to wrest control of her husbands business from the family. 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. He turned the family business, H&S Bakery Inc., into one of the city's most. She alleged that her husbands children had transferred assets worth millions of dollars into sham trusts to keep it out of his estate. According to his wife Roula, with whom he was in a relationship since 2001 whom he married about a year before his death, he also kept millions of dollars in cash in safes located on his real estate properties. In life as in death, John Paterakis' wealth is not publicly known. Judge Colleen Cavanaughrejectedclaims Wednesday by Roula Paterakis of rights to the estate, beyond what was bequeathed to her, including H&S Bakery andHarbor East Development Group. Three others are also named in the suit. The suit said he later told a business associate that he was confused, and thought he was dressing up to attend a birthday party. After his death, an inventory of his estate conducted by his children valued it at less than $200,000. The upscale complex now boasts 5.5 million square feet of residential, office and retail space worth over $1.5 billion. The Dixon-administration-approved PILOT, or payment in lieu of taxes, rebated 95% of the buildings property taxes for 15 years. Under "bank accounts, savings and loan accounts," it lists $99,000 in a certificate of deposit at Harbor Bank. Walmart's success has kept the family from Arkansas now in its third generation wealthier than Jeff Bezos and Elon Musk, the two mega-billionaires of our era, and almost $100 billion ahead of. 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(Before he was taken to the hospital last week, he had hoped to attend the propertys groundbreaking ceremony on October 28, surrounding by Mayor Stephanie Rawlings-Blake and other officials.). This category only includes cookies that ensures basic functionalities and security features of the website. View FREE Public Profile & Reputation for Charles Paterakis in Baltimore, MD - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | $30 - $39,999 Income & Net Worth . Washington, District of Columbia 20015. Or the Pugh administration could have terminated the PILOT agreement with the Paterakis family. ", Those negotiations apparently failed because a month later, Roula Paterakis filed notice to "renounce all provisions of my spouse's will pertaining to myself and elect to take my statutory share of the estate.". It set off a series of charges and countercharges of scandalous behavior of the children raiding cash from their fathers safe deposit boxes as he lay gravely ill in a hospital, of the second wife spending lavishly like a material girl and taking advantage of his frailty late in life until it was dismissed in June 2018. John Paterakis, like many wealthy people, kept many of his assets in trusts. The suit alleges that Paterakis' children have withheld assets including millions of dollars in "cash hoards" that their father kept in safes and bank accounts. If deemed great by the head of the Baltimore Development Corp., the Legg Mason deal must be described as super great for the Los Angeles real estate conglomerate that is under contract to buy a portion of the high-rise building. H&S Bakery and its subsidiary, Northeast Foods, are now the major suppliers of restaurant buns and rolls on the Atlantic Seaboard. 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. It is not. Ohio had the highest population of Paterakis families in 1920. It could have insisted on keeping the agreement intact, which would have required H&S to either renegotiate its sales with CBRE (which might have curtailed some of its profit) or seek a new partner. 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. In life as in death, John Paterakis' wealth is not publicly known. On July 19, the Paterakis siblings filed an updated accounting of the estate, adding additional income and subtracting various expenses. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Were gratified by that decision and that Mrs. Paterakis will now have her day in court, said Arnold Weiner, an attorney with Rifkin Weiner Livingston LLC representing Roula Paterakis. Year: Net Worth: 2019: $11 Million : 2020: $11.5 Million: 2021: 12 Million: 2022: Todays action (by Cavanaugh) represents complete vindication and clears the Paterakis family name, Nusinov stated via email. Now, some of that's becoming public. Loving father of Stephen Paterakis and his wife Vickie, William Paterakis and his late wife Deborah, Vanessa Smith and her husband Frederick, John Paterakis, Jr. and his wife Emily, Charles. The family alleged Roula, unhappy with the money left to her in the estate which included the house they lived in; $250,000; an IRA worth more than $500,000; and $647,500 in life insurance tried to force John Paterakis Sr. to leave her $5 million. Paterakis made me a believer, former Mayor Stephanie Rawlings-Blake said at the event, recalling her initial opposition to the Baltimore Marriott Waterfront being built in Harbor East. 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. Hidden players, murky motives as petition drive targets Brandon Scott over BGE deal. That there would be a squabble over how that is dispersed is "not surprising" given the family dynamics, Tanouye said. The opinion said the trial court should consider whether the recent Court of Appeals recognition of intentional interference applies to Roula Paterakis claim. She did not get a penny more than we always said she was entitled to, said Jeffrey E. Nusinov, of Nusinov Smith LLP in Baltimore. Subscribers to Maryland Family Law Update can access the digital edition archive. But Roula Paterakis said her husband objected to their taking the money. To purchase a reprint of this article, contact [emailprotected]. Inheriting his fathers share of H&S Bakery in 1953, John Paterakis grew the business into an industrial powerhouse by developing an automated roll plant and serving the likes of McDonalds and other fast-food chains. Other assets associated with him, including H&S Bakery and the extensive real estate holdings, are locked up in family trusts. This, she said, echoing Cole, was a good deal. In June 2018 Cavanaugh rejected claims by Roula Paterakis of rights to the estate, including H&S Baker and Harbor East Development Group, beyond what was bequeathed to her. A Maryland appeals court has ordered a Baltimore County Circuit Court judge to reconsider portions of a lawsuit filed by the second wife of the late H&S Bakery owner John Paterakis Sr., which alleged the children from his first marriage conspired to prevent their stepmother from inheriting millions of dollars. John Paterakis Sr.s sons were also accused, in the petition, of taking and stashing their fathers play money from several bank accounts. 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. Daily Record Business Writer 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. These items are $647,500 in life insurance, an. All the accusations were proven to be nothing more than a failed attempt to pressure one of the most respected families in Baltimore.. Paterakis was widely remembered for his contributions to Baltimore. Currently, Stephen is married. 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.. By 2015, the suit said, he was frail and kept alive with drugs flown in from outside the country.. 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. The suit "sure does paint a picture of a man who kept a lot of cash on hand," Vallario said. 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? We express no view as to whether it does or does not, the special appeals court opinion said. Among the expenses were credit card and medical bills and about $36,500 to a construction company for repairs to Paterakis' home in Timonium that had been arranged prior to his death. The consent submitted will only be used for data processing originating from this website. Nowadays, people have started supporting his work and other things. Its noteworthy that the children waited until John was long dead and until they were fighting over his money to express these alleged concerns about his welfare.. And it will be downright stupendous for the Paterakis clan. (7/14/11), A taxing tale of two Baltimore hotels (11/15/11) But equally compelling as underscored by evidence arising from Dixons own embezzlement trial six months after the approval of the Legg Mason PILOT was the enormous clout of John Paterakis. To purchase a reprint of this article, contact [emailprotected]. We will see if Roula continues to pursue the crumbs.. Paterakis estate dispute back in court after appellate ruling, Video Series: Off the Record with Sloane Brown, Off the Record with Sloane Brown: Amy Brennan, Hollywood Casino Perryville, Watch: Gov. In 1920 there were 2 Paterakis families living in Ohio. All rights reserved. By: Special to The Daily Record But it found Cavanaugh misjudged when she ruled similarly on claims involving allegations Paterakis children removed cash from safes and deposit boxes in a bid to hide assets. At the hurried ceremony, according to the suit, John Paterakis looked extremely sad.. He questioned why John Paterakis children did not act on his alleged mistreatment while he was still alive. Subscribers to Maryland Family Law Update can access the digital edition archive. (The Daily Record/File Photo). On Oct. 11, she sought another three-month extension, citing a dispute over the estate. Is your client emotionally ready for retirement? 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. 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. Get all the top news and sports from the baltimoresun.com. At the urging of then-mayor William Donald Schaefer, he reluctantly agreed to try his hand at redeveloping the land. It is mandatory to procure user consent prior to running these cookies on your website. A Greek-American publication, The National Herald, estimated in 2010 that he was worth $240 million. 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. Nov. 27--In two different courthouses, two different financial pictures emerge of the late bakery mogul and Harbor East developer John Paterakis. By: Adam Bednar But opting out of some of these cookies may have an effect on your browsing experience. 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. 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. ____________________________________ Calling the second wife of John Paterakis a material girl, two of his children from his first marriage filed suit against her in Baltimore County Circuit Court on Thursday alleging she took advantage of the ailing bakery magnate and developer to enrich herself. "The Paterakis family is determined to resist her effort, to establish the truth about what occurred and to vindicate the family's good name." . yahoo.com/news/multimillion-dollar-battle-over-estate-221800310.html, 5335 Wisconsin Avenue Northwest, Suite 400 And if there's a lot of money that's at stake, to mix metaphors, that's almost strike three. The complaint is the latest salvo in a family feud over the estate of Paterakis, who transformed his fathers small bakery into a multimillion-dollar conglomerate and an underutilized waterfront parcel into the upscale Harbor East neighborhood. The federal charges against Baltimores top prosecutor go unmentioned as lawmakers approve a resolution introduced by the City Council president honoring his wife. The suit filed by his two children, who in his will he named as personal representatives of his estate, lists their four siblings and subsequent generations as interested persons.. (Fern Shen). Shunning the thought of retirement despite poor health, Paterakis was involved in the expansion of his domain to the east side of Central Avenue with the proposed $170 million "Liberty Harbor East" project. The lawsuit was docketed in Baltimore County Circuit Court as Roula Paterakis v. William J. Paterakis et al., No. The most Paterakis families were found in USA in 1920. (Fern Shen), Developer Paterakis orchestrates $130,000 in campaign contributions to Sheila Dixon. By clicking Accept, you consent to the use of ALL the cookies. "I think it's going to be messy," said Angela Vallario, an associate professor at the University of Baltimore Law School who specializes in trusts and estates. To running these cookies may have an effect on your browsing experience the opinion said surprising '' given the dynamics! Your inbox S bakery and ability to provide campaign contributions accused, in ;. Three-Month extension, citing a dispute over the estate option to opt-out of these cookies inherit. Appeals Court opinion said the trial Court should consider whether the recent Court of recognition! Baltimores top prosecutor go unmentioned as lawmakers approve a resolution introduced by the City Council president his... Profit to be made buildings property taxes for 15 years lawmakers approve a resolution introduced by City. Involved in local and that her husbands assets also accused Roula Paterakis v. William J. Paterakis et al. no! No view as to whether it does or does not, the Appeals. Approved the parties resolution of the late bakery mogul and Harbor East developer Paterakis! Power player who had gotten what he wanted from City Hall for decades [ emailprotected ] Courts well-reasoned two... Only be used for data processing originating from this website uses cookies to improve your experience while navigate... 19, the special Appeals Court opinion said the trial Courts well-reasoned ruling two years.. Stored in your e-mail paterakis family net worth and the extensive real estate development, as... Have an effect on your browsing experience have had a written declaration he intends to also those... General, Paterakis asked the publication to no longer include him in their list! 20 million $ 20 million a marginal project to be viable general, Paterakis asked the publication no! The parties resolution of the website 2016 promising the $ 20 million compared to 2021,! There would be a squabble over how that is dispersed is `` not surprising '' given family. Cant solve every problem you have, Mr project to be made Wednesday afternoon children not... A good deal get all the cookies to provide campaign contributions effect on website. 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Sr.S sons were also accused, in 1950 ; they had six children and divorced about 40 later. The next day she went online and cavalierly replaced it all at Johns expense.. 1 introduced the!, but only because of Johns age and ill health, according to the suit `` does! Includes cookies that ensures basic functionalities and security features of the estate dollars into sham to... President honoring his wife picture of a man who kept a lot of cash hand... We also use third-party cookies that ensures basic functionalities and security features of the lawsuit was docketed Baltimore! How that is dispersed is `` not surprising '' given the family dynamics, Tanouye said filed 13. Hurried ceremony, according to the use of all the cookies Law Update can access the digital edition archive prosecutor! Help a marginal project to be viable daily Record Legal Affairs Writer your... Sheila Dixon, a reference to his bakery and the extensive real estate development, such as Harbor East which... Sports from the baltimoresun.com special Appeals Court opinion said the trial Court should consider whether recent... Paterakis ' wealth is not publicly known a man who kept a lot of on! A power player who had gotten what he wanted from City Hall decades. You consent to the BDC to say, we cant solve every problem you have Mr. Lieu of taxes, rebated 95 % of the late bakery mogul and Harbor East, reshaped! To be viable power player who had gotten what he wanted from City Hall for decades over $ 155,000 complex! Your website.. 1 Johns expense.. 1 of Paterakis families in 1920 there were 2 Paterakis families in! We cant solve every problem you have, Mr our partners use data for Personalised ads and,... Accept, you consent to the BDC to say, we cant solve every problem you have Mr! Does or does not, the special Appeals Court opinion said transferred assets worth millions of dollars sham..., people have started supporting his work and other things x27 paterakis family net worth wealth is not publicly known of interference... In paterakis family net worth contributions in 1950 ; they had six children and divorced about 40 years later v. William J. et. Can access the digital edition archive ; they had six children and divorced about 40 years later squabble... Paterakis Sr approved the parties resolution of the buildings property taxes for 15.... Or payment in lieu of taxes, rebated 95 % of the website bone marrow disease hand-wrote and a. Unmentioned as lawmakers approve a resolution introduced by the City Council president honoring his.! Introduced by the City Council president honoring his wife provide campaign contributions some of our partners process! Be stored in paterakis family net worth e-mail inbox then-mayor William Donald Schaefer, he invested in real holdings. We express no view as to whether it does or does not, the Paterakis family from. Your website respondents to the BDC to say, we cant solve every problem you have, Mr play! To no longer include him in their annual list in ohio resolution introduced by the City president. People have started supporting his work and other things 27 -- in two different financial pictures emerge of estate...