Monday, 25 May 2015
Last updated 2 days ago
Jun 19 2008 | 5:46pm ET
The widow of Circle T Partners founder Seth Tobias will keep the lion’s share of his estate after settling an ugly probate battle with his family.
Tobias’ family will split roughly $3.2 million of Tobias’ estate, with was estimated as being worth between $35 million and $40 million, under a deal approved by a Florida judge today. His brothers, Sam and Spence, who initiated the effort to disinherit Tobias’ widow, Filomena, whom they accused of killing their brother, will also get his investment business, New York-based Tobias Brothers. The firm is thought to be worth very little, and the family will have to pay their attorney from their share of the estate.
By contrast, Filomena Tobias gets the rest of her late husband’s liquid assets, as well as their real estate holdings in Florida. She will also become personal representative of the estate.
As promised, the two sides issued a joint press release. It read, in its entirety, “The parties have amicably resolved their difference and the allegations of the Petition will be withdrawn on probate court approval of this agreement.”
Tobias was found dead in his Jupiter, Fla., pool in September with alcohol and drugs in his system. As lurid details about the hedge fund honcho’s private life emerged, a former personal assistant to Tobias and his wife, William Ash, claimed that Filomena Tobias had murdered her husband and confessed to him her crime.
But police were unimpressed by Ash’s story—and inability to get Filomena Tobias to repeat her confession on tape—and in February announced that no charges would be filed against her.
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Tobias Aide Passes Lie Test
Attorney To Assure Tobias Case Gets Top Billing
Assistant Claims Wife Killed Circle T Partners Founder
Hedge Fund Honcho Found Dead In Swimming Pool
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…