Articles Posted in Steven Kazan Asbestos

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In the battle of States v. Asbestos Trusts – Round 1 goes to the Trusts. “The Trusts got lucky,” said longtime Asbestos Attorney Michael Mandelbrot.

“13 States there is MAJOR fraud taking place at Asbestos Trusts and want the evidence. What does the Trust have to hide?” added Mandelbrot. Many lawyers have complained that extensive fraud and double dipping is taking place at the Trusts. “Of course it is! When the same lawyers are running the Trusts – Steven Kazan and Alan Brayton – are also filing claims with the Trusts, it’s a recipe for fraud. Kazan and Brayton have misappropriated a billion dollars from victims, thus harming States, and present and future beneficiaries of the Trust. A complete joke!”

“The lawyers at the Delaware Trusts, including  Tom Florence, Mary Ellen Nickel, Molly Spieczny, Marla Eskin, and Marcellene Malouf have to be concerned. These Trusts and victims money have been their ‘gravy train’ for decades and it’s soon coming to a halt. These terrible lawyers will never get another job.”

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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:

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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.