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no longer available. Petitioner’s letter explains, in part, as
follows:
To get right to the point, your money is no longer
available, I’m sorry to say. I did, however, take out a
very large life insurance policy, $23 million, just before
my condition was diagnosed. If you make a fuss or contact
the authorities, the insurance company will use it as an
excuse to claim fraud and avoid paying the face of the
policy. You will be paid in full in a very short time.
By a similar letter I have informed my wife of this
obligation * * *. * * *
I used the money to feed some hungry and poverty-
stricken people. It didn’t go into my home or family. In
fact, my home is mortgaged for about twice of what it is
worth. Your only method of being repaid is through the life
insurance. I deeply regret the whole episode.
Please don't and ask your attorney to not contact
Chemical Bank. It will do you no good, since there is no
money there and the insurance company will use that as an
excuse to not pay the policy.
Neither Votano nor the trust ever received back from
petitioner any portion of the $741,065. As a result of the loss
of the $741,065, Votano received $100,000 from the New York State
Lawyers’ Fund for Client Protection.
$450,000 Received From William Marion’s Family Trusts
At the request of William Marion, a long-time legal client,
petitioner, in 1974, established a family trust on behalf of the
two daughters and one son of William and Lillian Marion. In
1985, again at the request of William Marion, petitioner
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