Win tickets to Evergreen State Fair concert
The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up  Green editions icon Green editions

Judge: 2 giant diamond rings belong to creditors

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY  |  COMMENTS
Associated Press
SEATTLE -- A federal judge in Seattle says two giant diamond rings valued at $1.4 million do indeed belong to creditors of a Seattle real estate developer who has been charged with bankruptcy fraud and money laundering.
The Seattle Times reported that U.S. District Judge Barbara Rothstein has dismissed Linda Mastro's appeal of a ruling that the rings belong to her husband's creditors. Linda Mastro contends the rings are hers alone. She, too, is charged with bankruptcy fraud and money laundering counts.
The couple fled the country after a bankruptcy judge ordered the Mastros to surrender the rings in June 2011 while he decided their ownership. In the couple's absence, Bankruptcy Judge Marc Barreca ruled the diamonds belonged to the creditors.
The rings were recovered when the Mastros were arrested last October in France.
In a weekend order, Rothstein said that Linda Mastro waived her right to appeal the ring decision by fleeing.
Story tags » Seattle

More Northwest Headlines


HeraldNet Headlines

Top stories and breaking news updates


Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus