Owners of missing ‘Ghost’ dismantler facing fraud suit
Nov 27, 2007 | 12:57 PM
| Michael Marley
The owners of North American Ship Recycling Inc. (NASR), a Sparrows Point, Md., shipbreaker, are being accused of fraudulently transferring assets to escape paying a court judgment, according to a lawsuit filed by attorneys for an Elizabeth, N.J., toxic waste cleanup company
The lawsuit—alleging wire fraud, unjust enrichment, civil conspiracy, aiding and abetting and breach of fiduciary duty—has been filed under the federal Racketeer Influenced and Corrupt Organizations (Rico) Act against Timothy Barletta, NASR's president; brother Vincent Barletta, a company officer; John G. Bulman, the company's attorney; various colleagues; and certain affiliated businesses.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.