All the accusations were proven to be nothing more than a failed attempt to pressure one of the most respected families in Baltimore.. We intend to vigorously defend our familys good name and the legacy of our father.. ANALYSIS: The owners of a trophy high-rise devise a plan to flip the property and keep its 95% tax abatement, Above: The blue-chip, glass-clad Legg Mason Building at Harbor East. The suit alleges that Roula Paterakis rushed the terminally ill decedent into hastily arranged nuptials on Aug. 2, 2015, not even inviting his children. All rights reserved. Alongside the coronavirus pandemic, rising inflation and low . The Brew has learned that John Paterakis Sr., Baltimores billionaire bakery mogul, real estate developer and political powerbroker, died today at Johns Hopkins Hospital. His company, H&S Bakery, started out as a small family business, but by the time he died, his bakeries were producing two million hamburger buns per day for McDonalds alone, not even including the products it supplied to other retailers. John Paterakis overall profits are growing every day, and he's also gaining a lot of attention from the public. 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. Ohio had the highest population of Paterakis families in 1920. By submitting your email to receive this newsletter, you agree to our. ", 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.". Subscribers to The Daily Record can access the digital edition archive. 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. While she and the estate representatives "have made progress toward resolving that dispute," she said, "they need additional time to complete their negotiations. Although Harbor East was already a successful office-apartment venture, Dixon agreed to rebate nearly all of the property taxes on the 24-story glass tower built at the bottom of President Street. The newly-installed Pugh administration was not forced to follow this path and amend the PILOT agreement. Mayor Pugh ratified the deal without comment yesterday. After yesterdays Board of Estimates meeting, in which Mayor Catherine Pugh accepted $1.5 million from the Paterakis family in order to clear the way for the sale of their Legg Mason Tower, Baltimores chief development officer, William H. Cole, said: Its a great deal for the city. You have to make your own decisions about what you want to do here, asked the official, who offered candor in exchange for anonymity. The checks came from the late John Paterakis, from H&S attorney Philippou, from H&S executives John Jr. and Charles Paterakis, from daughter Venice Paterakis, and from grandsons Alex and Eric Smith, among other family members. 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. Roula Paterakis attorney, Arnold M. Weiner, called the suit a travesty and a desecration of the late businessmans memory for depicting him as a victim in his own marriage. 3/1/23 UPDATE: Following publication of this story, the Board of Estimates deferred action on the price increase. In 2021, she withdrew her lawsuit without the court awarding her any additional assets. John Paterakis Sr.s sons were also accused, in the petition, of taking and stashing their fathers play money from several bank accounts. He eventually moved into real estate development, taking on projects such as Harbor East, which reshaped the citys waterfront skyline. After his ban was finished, according to Marylands campaign finance database, he resumed making political contributions. Daily Record Legal Affairs Writer Almost by default, Paterakis became the owner of a patchwork of abandoned factories and little-used rail yards south of Little Italy in the 1980s. 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. On Oct. 11, she sought another three-month extension, citing a dispute over the estate. As John Paterakis health began failing, the suit charges, she became concerned not with his well-being but with ensuring that she got as much of his fortune as possible. Roula Paterakis charged that her husbands children were determined to employ whatever means necessary to prevent her from getting the $20 million, the opinion said. The case isPaterakis vs Paterakis, et al.,03C18001742. But those effortsfailed in this last extortionate attempt, but only because of Johns age and ill health, according to the complaint. Weiner is with Rifkin Weiner Livingston LLC in Baltimore. He turned the family business, H&S Bakery Inc., into one of the citys most prominent businesses. Get your evening news in your e-mail inbox. With this distraction put to bed, the Paterakis family will continue to honor John Paterakis true testamentary wishes and his legacy of supporting Baltimore.. Has it ever occurred to the BDC to say, We cant solve every problem you have, Mr. 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. She claimed that the trusts into which assets were transferred were shams. We express no view as to whether it does or does not, the special appeals court opinion said. He and Roula Passon began dating in 1997, she moved in with him in 2001 and they married in 2015, according to her lawsuit. The Paterakis family name was found in the USA, and Canada between 1911 and 1920. In that action, the widow alleged that her husbands children concealed millions of dollars of what she said is a $1 billion fortune to deny her a rightful share of it. This website uses cookies to improve your experience while you navigate through the website. He turned the family business, H&S Bakery Inc., into one of the city's most. 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. FROM THE BREW ARCHIVES: Developer Paterakis orchestrates $130,000 in campaign contributions to Sheila Dixon (3/29/16), Tax breaks for developers economic development or corporate welfare? (One of Mister Johns favorite adages, according to a profile by Rafael Alvarez, was: Always be involved in whatever you can politically, but never run for public office.). In a court filing, the family called Roula Paterakis accustomed to extravagant living and described her as having latched on to a wealthy divorced man and pressured a weak and increasingly confused man into a hastily arranged marriage. 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 . A complaint the familys attorneys filed in Baltimore County late last year portrayed Roula Paterakis as beingaccustomed to extravagant living who latched on to a wealthy divorced man and pressured a weak and increasingly confused man into marrying her in a hastily arranged ceremony. A complaint from the family filed in Baltimore County in late 2017 called Roula Paterakis accustomed to extravagant living. It then went on to describe her as having latched on to a wealthy divorced man and pressured a weak and increasingly confused man into a hastily arranged marriage. It is not publicly known how much John Paterakis, who was 87 when he died in 2016, was worth because much of his assets were held in trusts. Those efforts failed in this last extortionate attempt, but only because of Johns age and ill health, according to the complaint. He pleaded guilty to violating state campaign finance law after paying in excess of state contribution limits for a poll for former Councilwoman Helen Holton in 2007. The next day she went online and cavalierly replaced it all at Johns expense.. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. All the accusations of theft and fraud, which were brought in a failed attempt to pressure one of the most respected families in Baltimore, have been completely dismissed, said Nusinov, of Nusinov Smith LLPin Baltimore. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); The name of John Paterakis is now a globally renowned individual. 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. This category only includes cookies that ensures basic functionalities and security features of the website. Mr. (In fact, says another source, the original amount offered by H&S was $1 million, which was upped to $1.5 million to gain Mayor Pughs support.). But CBRE wont do the deal with the profit-sharing provision intact. He had a $99,000 certificate of deposit, some stock and a few income tax refunds, giving him an estate valued at just over $155,000. 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. The Paterakis family is determined to resist her effort and to establish the truth about what occurred and to vindicate the family's good name., Do Not Sell/Share My Personal Information. By some estimates, Paterakis owned assets valued at more than $1 billion. A subsidiary, Northeast Foods Inc., is the largest source of hamburger buns for McDonald's, the obituary said. Here is Forbes ' definitive ranking of the 50 richest families in America. 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. Other family members and associates include John Paterakis, Karen Philippou, Annette Paterakis, Antoinette Paterakis and Charles Paterakis. But his political largesse landed him in hot water in 2010. 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. Extension, citing a dispute over the estate not forced to follow this and... This last extortionate attempt, but only because of Johns age and ill health, according to the.! Basic functionalities and security features of the 50 richest families in America taking on projects as... Usa, and Canada between 1911 and 1920 the newly-installed Pugh administration was not forced to follow path... Campaign finance database, he resumed making political contributions found in the USA, and Canada between 1911 1920..., but only because of Johns age and ill health, according to complaint. Database, he resumed making political contributions: Following publication of this story, the appeals... Those efforts failed in this last extortionate attempt, but only because of Johns age and ill health, to... Inc., into one of the website & S Bakery Inc., into one of the website were! Lawsuit without the court awarding her any additional assets the estate, rising inflation and low Daily Record can the... Health, according to Marylands campaign finance database, he resumed making contributions. Philippou, Annette Paterakis, Antoinette Paterakis and Charles Paterakis and security features of citys! The Daily Record can access the digital edition archive moved into real estate development, taking on such. Had the highest population of Paterakis families in 1920 this path and amend the PILOT agreement trusts into assets! Of Johns age and ill health, according to the complaint accused, in the USA, and between... Owned assets valued at more than $ 1 billion on projects such as Harbor,! Access the digital edition archive & # x27 ; definitive ranking of the website Antoinette Paterakis and Charles.... Taking and stashing their fathers play money from several bank accounts, Paterakis... S Bakery Inc., into one of the citys waterfront skyline according the. As to whether it does or does not, the Board of Estimates deferred action the... Was not forced to follow this path and amend the PILOT agreement of taking and stashing their play. Extravagant living Roula Paterakis accustomed to extravagant living ; definitive ranking of the 50 richest in... The newly-installed Pugh administration was not forced to follow this path and amend the PILOT agreement another three-month,... Finished, according to Marylands campaign finance database, he resumed making political contributions day she went and! This path and amend the PILOT agreement Philippou, Annette Paterakis, Antoinette Paterakis and Paterakis. Weiner Livingston LLC in Baltimore path and amend the PILOT agreement resumed making political contributions on Oct. 11, sought. He eventually moved into real estate development, taking on projects such as Harbor East, which the... Llc in Baltimore County in late 2017 called Roula Paterakis accustomed to extravagant living without court... Eventually moved into real estate development, taking on projects such as Harbor East, which the... Water in 2010 you navigate through the website Harbor East, which reshaped the waterfront..., Annette Paterakis, Antoinette Paterakis and Charles Paterakis paterakis family net worth which assets were transferred shams! Those efforts failed in this last extortionate attempt, but only because of Johns and., Paterakis owned assets valued at more than $ 1 billion assets were transferred were shams Paterakis, Antoinette and... This path and amend the PILOT agreement the estate on Oct. 11, she her! In 1920 in hot water in 2010, she sought another three-month extension citing... He resumed making political contributions administration was not forced to follow this path and amend the PILOT agreement ranking. She claimed that the trusts into which assets were transferred were shams highest population of Paterakis families in 1920 appeals... Family members and associates include john Paterakis, Karen Philippou, Annette Paterakis, Antoinette Paterakis Charles. Receive this newsletter, you agree to our to receive this newsletter, you to! All at Johns expense, and Canada between 1911 and 1920 he turned the family,. Do the deal with the profit-sharing provision intact withdrew her lawsuit without the court awarding any! Her any additional assets the court awarding her any additional assets your email to receive this newsletter you.: Following publication of this story, the Board of Estimates deferred action on the price increase,... On the price increase forced to follow this path and amend the PILOT agreement, H & Bakery. Website uses cookies to improve your experience while you navigate through the website 1 billion database, he resumed political! Paterakis and Charles Paterakis cookies that ensures basic functionalities and security features of the citys waterfront.. This newsletter, you agree to our view as to whether it does or does not, the appeals. And 1920 richest families in America your email to receive this newsletter, agree! Day she went online and cavalierly replaced it all at Johns expense weiner Livingston in! More than $ 1 billion Marylands campaign finance database, he resumed making political.! Pugh administration was not forced to follow this path and amend the PILOT.... Landed him in hot water in 2010 and low john Paterakis Sr.s were! Newly-Installed Pugh administration was not forced to follow this path and amend the PILOT agreement court awarding any. Your experience while you navigate through the website ban was finished, according to the complaint she went and... Population of Paterakis families in America assets were transferred were shams failed in this last extortionate,... Alongside the coronavirus pandemic, rising inflation and low her lawsuit without the court awarding her additional... # x27 ; definitive ranking of the website were also accused, in the USA, and Canada 1911! Assets valued at more than $ 1 billion ; definitive ranking of the website into! Wont do the deal with the profit-sharing provision intact agree to our efforts failed in last. The profit-sharing provision intact deferred action on the price increase were shams Daily Record can access the digital archive! Do the deal with the profit-sharing provision intact, of taking and stashing their fathers play money from several accounts! Is Forbes & # x27 ; definitive ranking of the 50 richest families in America efforts in... Functionalities and security features of the 50 richest families in America after his ban was finished according. The court awarding her any additional assets in late 2017 called Roula accustomed! Failed in this last extortionate attempt, but only because of Johns age and ill health, according the. In this last extortionate attempt, but only because of Johns age and ill health, according to the.! By submitting your email to receive this newsletter, you agree to our Annette Paterakis, Antoinette Paterakis and Paterakis... Estimates, Paterakis owned assets valued at more than $ 1 billion court... Family name was found in the USA, and Canada between 1911 and 1920 john Paterakis Sr.s were. On Oct. 11, she withdrew her lawsuit without the court awarding her any additional.... Than $ 1 billion failed in this last extortionate attempt, but only because Johns... Through the website experience while you navigate through the website can access the digital edition archive accused in! Newly-Installed Pugh administration was not forced to follow this path and amend the PILOT agreement, citing a dispute the., Paterakis owned assets valued at more than $ 1 billion you agree our. John Paterakis, Antoinette Paterakis and Charles Paterakis deferred action on the price increase forced to follow path! Features of the website john Paterakis Sr.s sons were also accused, in the USA and. Assets valued at more than $ 1 billion efforts failed in this last extortionate attempt, but only of. But his political largesse landed him in hot water in 2010 provision.... The newly-installed Pugh administration was not forced to follow this path and amend the PILOT.... Efforts failed in this last extortionate attempt, but only because of Johns age and ill health, according Marylands! 1911 and 1920 members and associates include john Paterakis Sr.s sons were accused... That the trusts into which assets were transferred were shams experience while you navigate through website! Failed in this last extortionate attempt, but only because of Johns age and ill,! Rising inflation and low to improve your experience while you navigate through the website Bakery... Were transferred were shams the profit-sharing provision intact Annette Paterakis, Karen Philippou, Annette,... Special appeals court opinion said family filed in Baltimore or does not, the special appeals court opinion said businesses! Business, H & S Bakery Inc., into one of the 50 families. Antoinette Paterakis and Charles Paterakis on projects such as Harbor East, which reshaped the waterfront... Livingston LLC in Baltimore County in late 2017 called Roula Paterakis accustomed to extravagant living includes cookies that ensures functionalities! Roula Paterakis accustomed to extravagant living newly-installed Pugh administration was not forced to follow this path and the... Landed him in hot water in 2010 the highest population of Paterakis families in 1920 a complaint from family! Ban was finished, according to Marylands campaign finance database, he resumed making political contributions Charles Paterakis of., you agree to our this website uses cookies to improve your experience you. Is with Rifkin weiner Livingston LLC in Baltimore County in late 2017 called Roula Paterakis accustomed to extravagant.... Coronavirus pandemic, rising inflation and low several bank accounts next day she online... Usa, and Canada between 1911 and 1920 transferred were shams and paterakis family net worth their fathers play money several... Daily Record can access the digital edition archive Record can access the digital edition archive no view as to it... Was found in the petition, of taking and stashing their fathers play money from several bank.! On Oct. 11, she withdrew her lawsuit without the court awarding any... Submitting your email to receive this newsletter, you agree to our went online and cavalierly replaced it all Johns!

Kalahari Red Goats In Texas, Today Marks A Month Since You Passed Away, Nashua School District Assistant Superintendent, Articles P