Mastro chartered private jet from Toronto to Portugal
Stephen Brashear
A jeweled handbag in the form of a bunch of asparagus was among the items seized from the Mastros in France, where they were arrested in 2012. Michael R. Mastro and his wife Linda fled North America in a charter jet in 2011, according to the bankruptcy trustee in the Mastro case.
- Marc Stiles[1]
- Staff Writer- Puget Sound Business Journal
- This email address is being protected from spambots. You need JavaScript enabled to view it.[2] | Twitter[3]
A court filing by attorneys for James Rigby[4], the bankruptcy trustee who's been pursuing Michael R. Mastro[5] for years, spells out how the Seattle real estate magnate fled North America.
Rigby alleges that on July 18, 2011, Mastro called the office of Investco[6] Financial Corp. and requested that $94,500 be transferred to his recently opened bank account in Toronto. Officials of Investco, with the approval of company founder Michael J. Corliss[7], then took steps to have the money wired from Heritage Bank[8] in Puyallup, states a complaint against Corliss by Rigby.
The complaint goes on to state that Mastro used $66,525 to charter a private jet to fly him, his wife Linda[9], and their three dogs from Toronto to Portugal on July 25, 2011. In addition, Mike Mastro[10] used $2,555 of the funds to ship his Range Rover from Toronto to Portugal. The rig arrived in Europe on Aug. 8, 2011.
The funds and related activities of Investco, Corliss and Corliss' assistant "enabled Mastro to leave and flee the United States through Canada in defiance of a bankruptcy court order," states a complaint by Rigby, which seeks more than $2 million from Corliss and Investco.
The Mastros were arrested in France in 2012. The Range Rover, along with jewelry and designer clothes, were auctioned off by the bankruptcy estate[11] on Thursday in Kenmore.
Marc Stiles covers commercial real estate and government for the Puget Sound Business Journal.
References
- ^ Marc Stiles (feeds.bizjournals.com)
- ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
- ^ Twitter (twitter.com)
- ^ James Rigby (feeds.bizjournals.com)
- ^ Michael R. Mastro (feeds.bizjournals.com)
- ^ Investco (www.bizjournals.com)
- ^ Michael J. Corliss (feeds.bizjournals.com)
- ^ Heritage Bank (www.bizjournals.com)
- ^ Linda (feeds.bizjournals.com)
- ^ Mike Mastro (feeds.bizjournals.com)
- ^ were auctioned off by the bankruptcy estate (www.bizjournals.com)