UPDATED FEBRUARY 2018 – The Corruption and Fraud by Trust Fiduciaries (Alan Brayton/Steven Kazan et al) has only gotten worse!!
Opinion based on 20 years of filing Asbestos Trust Claims – See full blog post on this topic – Updated 2018 (and as circumstances change)
2017 Exemplified Asbestos Trust Fraud and the Concealment of Asbestos Job Sites. Defined it.
Fiduciary Fraud took place at nearly EVERY Asbestos Trust in the Country in 2017. The goal of the Fiduciaries? Divert as much money to the themselves, interested parties and “favored” Asbestos Claimant’s Committee Members. The leaders in the fraud? The “Asbestos Trust Mafia” (see my prior posts). The leaders? Steven Kazan, Alan Brayton, Tom Florence, Stephen Snyder, Gary Fergus, Michael Ahrens and a host of other “crooks” misappropriating Asbestos Victims’ funds. Despicable lawyers? Without question! But in 2017 – the fraud continued. Robust and Rampant.
Name the Trust and I will show you fraud. Owens Corning? Yes. Western Asbestos? The ‘billion dollar’ fraud! Thorpe Insulation? Concealment of thousands of ships. Other Trusts where thousands of Asbestos Sites Concealed to Defraud Present and Future Victims? ACandS, Yarway, Plant Insulation, A.P. Green, Fibreboard, USG….just to name a few.
A misappropriation of victims funds took place in grand proportion on December 12, 2017. A simple hearing took place before Judge Sheri Bluebond where no more than one lawyer is needed.
So how many did the Thorpe Insulation and J.T. Thorpe Settlement Trusts send? – 10 Lawyers!
Yes – 10 lawyers were sent by the Thorpe Insulation and the J.T. Thorpe, Inc. Settlement Trust for a 15 min hearing!! A gross misappropriation of funds by a pack of frauds. 7 in Courtroom – 3 on the telephone. The Thorpe Trusts needed one lawyer – they sent 10!
Every present and future victim of asbestos diseases will receive less money because of 2 very corrupt lawyers – Steven Kazan and Alan Brayton. Look in any Asbestos Trust By-Laws and Trust Distribution Procedures and you will find them. Collectively, Steven Kazan and Alan Brayton control nearly every Asbestos Trust in the Country (approximately 30 Trusts totaling nearly $30 BILLION dollars). They are “Fiduciaries” for the victims of asbestos diseases. But on each Trust, Kazan and Brayton breach that “Fiduciary Duty”. Insider dealing? Yes! Concealment of Asbestos Trust sites? Yes. Collusion? Yes. The net result? The misappropriation of BILLIONS of dollars to Kazan and Brayton.
Opinion
For years it has been taking place: Fraud – Bad Faith – Concealment of Asbestos Companies Liability Sites!
This week’s example – The Kaiser Aluminum Asbestos Settlement Trust (KACC – Kaiser Refractories) – A Trust with over $600 million in assets being corrupted by Alan Brayton, Steven Kazan, Bob Capritti, Kimberly Lavin, Dan Myer and a host of other “Fiduciaries” conspiring to engage in fraud and concealment.
November 3, 2016
Corrupt Asbestos Trust Lawyers Attempt to Have Mandelbrot Blog Posts Removed
The letters keep coming. I’ve attached copies of some of them below.
This a perfect example of Asbestos Trust Fraud and the Concealment of Documents – The G-I (GAF) Asbestos Settlement Trust!
The G-I Asbestos Settlement Trust (Verus LLC) has the Invoices of GAF and Ruberoid depicting decades of sales of asbestos products! They have them! Thousands and Thousands of invoices. But do the Beneficiaries get to see these asbestos liability documents….documents Verus has a “Fiduciary Duty to Produce to Beneficiaries? NO.
EVERY TRUST! Every Trust in which Steven Kazan and Alan Brayton are Fiduciaries, there is corruption taking place. Every one. Who loses? Asbestos Victims! While these ‘lawyers’ champion themselves as advocates for victims of asbestos disease, the “Truth” is that they have misappropriated BILLIONS of dollars from Asbestos Victims and that every present and future victim of asbestos disease will receive ‘less’ recovery because of the fraud of these two individuals. So how do they do it?
One method is crystal clear —
CONCEALMENT OF JOB SITES WHERE EVERY ASBESTOS COMPANY WAS PRESENT SO THAT CURRENT AND FUTURE VICTIMS OF ASBESTOS DISEASE CANNOT RECOVER THE TRUSTS
Note from Michael Mandelbrot regarding successful Appeal against Thorpe Trusts –
This was a long time coming! It’s been decades of bad faith and corruption by the J.T. Thorpe, Inc. (jttstrust.com) Settlement Trust Fiduciaries and Thorpe Insulation Settlement Trust Fiduciaries (www.tistrust.com). My office was only sued for exposing this corruption and misappropriation of funds by these Fiduciaries. Everyone knows I have never filed an unreliable claim and in fact, my office files the most thorough and reliable claims in the Country. These fraudsters tried to wipe out the “Whistleblower” (me) through a sham lawsuits, sham audits, judicial bias, and bad faith — while misappropriating millions of dollars of victims funds in the process (Gary Fergus, attorney in California ‘stole’ millions). This victory in the Appeal of the bad faith lawsuit me is one step towards justice. Justice for me. Justice for my office. Justice for my family. And justice for all victims of asbestos diseases.
The pack of fraudsters and co-conspirators who run these Trusts, including Trust Fiduciaries Alan Brayton, Sara Beth Brown, Gary Fergus, Stephen Snyder, and David McClain have misappropriated nearly a billion dollars from Thorpe, Western and J.T. Thorpe Trust Beneficiaries, while breaching their duty to these same Beneficiaries. Here are examples of mass Trust Fraud and Misappropriations by the “Fiduciaries” who sued me:
Opinion/Editorial
Bernie Madoff/Steven Kazan — Steven Kazan/Bernie Madoff.
The comparisons are undeniable. Both misappropriated billions of dollars. Both enriched friends/family at the expense of victims. Both held themselves out “pioneers” while committing vast fraud. Both will leave a legacy of fraud and bad faith impacting tens of thousands of victims solely to enrich themselves. Unfortunately, only one of them is in jail. Madoff. The other (Kazan) continues to misappropriate funds from asbestos claimant. The difference? In every Asbestos Trust Kazan inserts a “License to Commit Fraud” thus allowing him to continue his wrath of dishonesty (i.e. …“No Asbestos Claimants’ Representative are to have or incur any liability to any Entity for any act or omissions arising out of the Chapter 11 cases or during the entirety of the Chapter 11 cases). 2 Criminals (although only one has been convicted – Madoff) – 2 “Losers” – 2 of the biggest fund frauds in history – 2 very bad individuals.
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