Media and News
Granddaughter of Schottenstein retail dynasty matriarch Beverley Schottenstein Cathy Schottenstein’s NANNY’S WAR, the inside story–optioned for development by HBO Max–of the Schottenstein family and how two of Beverley’s own grandsons, Evan and Avi Schottenstein, along with their former employer J.P. Morgan Securities, abused Beverley for years and misappropriated $100 million of her money, to Leah Wilson and Glenn Yeffeth at BenBella Books, by Herb Schaffner at Big Fish Media (world).
By Tom Schoenberg
November 18, 2021, 8:00 AM EST
A 95-year-old Florida woman who won an arbitration fight against her banker grandsons is now battling them in court — seeking to collect the award, and also to preserve her ability to speak freely about her experience.
Beverley Schottenstein prevailed earlier this year in a financial industry arbitration after accusing JPMorgan Chase & Co., and two of her grandsons who handled her account there, of improper trading in her $80 million portfolio, in a case that highlighted the complications and conflicts that can arise when bankers manage money for family members.
The panel found JPMorgan’s securities unit and the two advisers liable for abusing their fiduciary duty and making fraudulent misrepresentations. It also found the bank and one of the grandsons, Evan Schottenstein, liable for elder abuse, ordering about $19 million in damages. Read more