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Friday, March 18, 2011 1:31:32 PM
During the period from January 2005 to September 2008, Defendants collectively received more than $95 million in compensation. As the losses mounted in the Spring and Summer of 2008, Killinger and Rotella recognized the potential problems and took steps to move at least part of their wealth beyond the reach of their creditors.
These steps apparently included shifting a few million and transferring property in Shoreline, Washington and Palm Desert to Linda Killinger’s name and in the case of the Rotellas, transferring “in excess of one million dollars to Esther, in addition to putting a resident in Orient, New York in her name.
What do the defendants have to say about all this business? According to Killinger, the FDIC should be ashamed of itself. The suit is “baseless and unworthy of the government,” he huffed in a statement this morning.
http://dealbreaker.com/2011/03/the-fdic-wants-900-million-from-former-wamu-exes-their-wives/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+dealbreaker+%28Dealbreaker%29#
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