Media and News

Beverley Schottenstein

At 93, She Waged War on JPMorgan—and Her Own Grandsons

bloomberg
flipboard

Feb 17, 2021

View the video and article on flipboard.com

Beverley Schottenstein videoBeverley Schottenstein said two grandsons who managed her money at JPMorgan Chase & Co. forged documents, ran up commissions with inappropriate trading and made her miss tens of millions of dollars in gains. So she decided to teach them all a lesson. View this video by clicking the image to the left or the link above.

Beverley Schottenstein

Schottenstein family dispute erupts in Florida with charges of elder abuse, financial fraud in $80 million estate

the columbus dispatch
By Jim Weiker – Feb 17 2021

Read on dispatch.com

Beverley Schottenstein TrialBeverley Schottenstein isn’t exactly sure when she suspected her grandsons were cheating her.

Perhaps it was when they shredded her bank statements. Or maybe it was when she discovered they had created an email account in her name. Or when she noticed hundreds of thousands of dollars spent from her account.

But by the end of 2018, Schottenstein, a member of one of central Ohio’s most prominent families, was confident something was wrong.

The following year, she made the momentous decision to take action against her own family members, grandsons Evan and Avi Schottenstein, and their employer, JPMorgan Securities, for mishandling an account worth more than $80 million.

“For a long time, I was suspicious and I wasn’t at the same time. I just didn’t want to believe this,” said the 94-year-old widow of Alvin Schottenstein, part of the family that built a central Ohio retail fortune through Schottenstein Stores, Value City Furniture, DSW, Big Lots and American Eagle Outfitters.

“You don’t want to think your own grandkids are going to steal from you, but they were really doing this.” Read more

Beverley Schottenstein

The Schottenstein Family And Elder Abuse

npr.com

WOSU

By All Sides Staff – Feb 24, 2021

Click here to listen to the Audio Interview on Radio WOSU

A financial industry arbitrator in early February sided with Beverley Schottenstein in an elder abuse case, ordering her two grandsons and JP Morgan Chase to pay her $19 million.

Evan and Avi Schottenstein handled their grandmother’s fortune, valued at more than $80 million, until JP Morgan let them go. Through their attorney, they said they acted in accordance with her wishes.

Guests:

  • Tom Schoenberg, senior reporter, Bloomberg News
  • Beverley Schottenstein, of Bal Harbour, Fla.,
  • Cathy Schottenstein Pattap, author of “Twisted: Conflict, Madness, and the Redemptive Power of a Granddaughter’s Love,” a book about her grandmother’s elder abuse trial, and an English teacher.