Entries by Cathy Schottenstein Pattap

Read some of The Dispatch’s historic coverage of the Schottenstein family

The Columbus Dispatch Archives – Feb 18, 2021 Read the full article on dispatch.com As drama unfolds around the handling of Beverly Schottenstein’s fortune in Florida, The Dispatch is sharing some of its historical coverage of the Schottenstein family. The family that once held stakes in retail, real estate, construction businesses and more held power […]

Grandma wins $19M case against J.P. Morgan and 2 advisors (her grandsons)

February 10, 2021, By Lynnley Browning Read the article on financial-planning.com A wealthy grandmother won a $19 million arbitration award against J.P. Morgan Securities and two former brokers — her grandsons — over alleged unauthorized trading in her accounts. The ruling came 18 months and 43 hearing sessions after retail matriarch Beverley Schottenstein filed claims […]

Family Affair: Panel Orders J.P. Morgan, Ex-Brokers to Pay $19 Million to Grandmother

February 9, 2021, by Jake Martin Read the article on advisor hub.com A panel of Financial Industry Regulatory Authority arbitrators on Thursday rendered the agency’s largest award since 2018 in a case brought by a grandmother against J.P. Morgan Securities and two former brokers—her grandsons—for unauthorized trading. Beverley Schottenstein, 94, in Bal Harbour, Florida, was awarded […]

Finra arbitrators order J.P. Morgan, former brokers to pay $19 million

February 8, 2021 By Mark Schoeff Jr. See the article at investment news.com Finra arbitrators ordered J.P. Morgan Securities Inc. and two former brokers to pay a retailing matriarch $19 million for unauthorized trading of complex products in her account — transactions that were executed by her grandsons. A three-person Financial Industry Regulatory Authority Inc. […]

In the US, a 94-year-old millionaire punished her grandchildren for embezzling her capital

By Steve Cown – Feb 18, 2021 Read article on freenewslive.com According to Bloomberg, Florida resident Beverley Schottenstein, who is 94, has secured a multi-million dollar settlement from her grandchildren, who managed her fortune. The Financial Arbitration Court ruled that Evan and Avi Schottenstein and the bank J. P. Morgan, where they worked as consultants, are […]

Illustration of difference between public, private shown in case of 93-year-old

Damschroder: Ohio STRS provides THE perfect example John Damschroder Columnist – Mar. 24, 2021 read the full article at thenews-messenger.com There’s no better illustration of the difference between public and private financial misconduct than the story of 93-year-old Beverley Schottenstein. The widow of a former Schottenstein Company president and member of the family with their […]