Living Large in Bankruptcy

Bankruptcy, normally financial death for most, can be nothing more than a financial game for those that know how to maneuver within the system. Notice how 10,000 silver coins, not bundles of hundred dollar bills, were found hidden behind a wall.

James Rigby, the trustee for the bankruptcy, says Mr. Mastro is hiding assets and wealth from creditors. As part of the bankruptcy case, he is going after Mr. Mastro and his assets to try to recover money for Mr. Mastro’s investors.

Mr. Rigby has had some success: Agents found 10,000 one-ounce silver coins in the home of Mr. Mastro’s son. The coins were in a basement wall behind a furnace vent in the son’s home.

Source: blogs.wsj.com