Wife, mother battle over missing man's $100M fortune
Nasty family dispute over control of millionaire's assets
- Duration 6:04
- Date Jul 2, 2012
Nasty family dispute over control of millionaire's assets
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Millionaire who reportedly has a history of mental problems has gone missing in Florida.
And now his wife and mother are battling for control of his massive fortune.
31 year old -- IDR disappeared last month.
His boat -- ashore on a Fort Lauderdale, Florida beach while the lights were on and the engine was running.
And while investigators try to figure out what happened doing his mother and wife apparently tried to take control of his 100 million dollar state.
The sun sentinel newspaper reports doctors diagnose the man as bipolar and that he twice went to the hospital for mental breakdowns.
His mother claims he vanished just hours after his wife.
Asked for a divorce but his wife has denied that.
Phil Keating with the news he's live in Fort Lauderdale, Florida Phil is there any evidence at all of foul play here.
Fort Lauderdale police says no they still classified this as a missing persons case.
But it could be a kidnapping and murder could be a suicide.
Could be an accidental death we just don't know two weeks ago the weather was much worse than today.
Actually big -- big win when his boat washed ashore in the speech.
The engine was running his cellphone and wallet were -- on board the boat but there was no.
Go back you one.
Blue -- Latin.
We're gonna back you -- and his uncle and other investors sold their oil and gas company you know seven it was for 2.5 billion dollars.
Go back yards I was about 200 million dollars although he has depleted about half of that he did all big portions of some pro.
Soccer team and basketball team in is real.
And the last known video really from -- surveillance camera on his house shows -- gulag you are pacing around the front door smoking a cigarette.
And shortly there after he went -- to see even though there was a small craft advisory.
The Coast Guard did a three day search.
About the size of Rhode Island was the search area the did not see a body floating up to gulfstream at all.
Yeah and Phil at this point who controls that.
Hundred million dollars worth of assets.
Well he previously has -- an ongoing court battle with his uncle over control of their sale of their company but the newest court.
Experience involving him -- of course just evolves as the state.
And that's between his wife Jamie who was crying in court.
Just that the other day and his mother Ellen both of whom are trying to control of the estimated hundred million dollars in assets.
And their attorneys in court just.
Accusing the other side of being absolutely greedy before there's even a body here.
They attacked the attorney for the mother says the wife actually wanted to divorce.
Yeah L you're over here.
Had a -- on the gravy train.
The one key to this missing millionaire is that the -- bar attaching the two outboard motors on his boat.
Well it was broken and that is there for stability and it is theoretically possible that he's not rough seas.
That the -- bar comes on Don and the edges -- around and you flip over and you fall into the ocean and get caught the gulfstream.
Your -- in every.
Phil -- live for -- in Fort Lauderdale Phil thank you let's get to our legal panel now former prosecutor and Fox News legal analyst Arthur right dollar and criminal defense attorney Randy zealot.
-- -- -- The mom files for control of this guys assets both for the coast guards even done searching -- -- what do you make of that.
Well first -- I just want to.
Complement Phil Keating from going above and beyond having a live shot on the beach like that I'm sure that he had to endure a lot of pain.
-- walking on those beautiful -- is it.
He always does yeah I don't got let's look at it I said it's a sad story and you know what Tracy -- reading -- during the research.
-- comes to mind is all of us want a little bit more money right everyone like to be a little more comfortable.
This is the quintessential.
Money cannot buy you happiness.
He's he's clearly had some mental problems his mother has clearly been a big part of his life.
Probably protecting him and a whole life what everyone needs to know when they're analyzing the stories mom doesn't need the money -- rich -- She's just trying to do the right thing and -- -- -- -- that would just doesn't get depleted.
-- and uncle thinks he's still alive he may add another boat pull up and he just jumped on and took off to.
-- run away from all the big troubles and problems.
And an already at its Jordan makes a good point because the -- -- outlook is this some kind of a set -- but we did he stage this whole thing but the truth is the mom really doesn't need the money.
I think that's somewhat irrelevant I I think at the end of the day what makes this case compelling.
And very interesting is the fact that.
Once upon a time husband does the normal thing it says wife controls everything.
Then all of a sudden scribble scrabble -- nope -- wipe -- out -- -- to control everything this is someone with a history of being bipolar.
-- -- having to coming to deal with his affairs can anybody say on dual influence momma scrambling -- it Alexander hey hey I'm in charge.
-- -- they haven't even called off the search yet what is going on India.
Fast someone's got it and -- traced some of the unthinkable -- life.
Someone got it I hate the wife who that morning said I wanna divorce -- already -- -- which you know tonight.
Which she yes she is denied and -- said.
But the bottom line -- -- did you go to a neutral receiver at this point ahead of a bank somebody who has.
Who has experience and -- and let them management until they find out what -- guys.