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(London.CityRegiions.com, November 13, 2012 ) Birmingham, U.K -- Michael Mastro’s layers have stated that Michael R. and Linda have not sold their diamond rings, which have played a pivotal role in the bankruptcy and criminal case levied against the couple.
The value of the rings has been said to be $1.4 million, and are reportedly in France, according to James Frush.
Frush stated that the rings were not in the Mastros’ possession, and were not in any of the residences of the Mastros. However, the rings may very well be in the Mastros’ control, said Frush. He would not provide any other information regarding the information or speculation on the topic. He did state that his information came from the Mastros’ French lawyers (Frush is based in Seattle).
The court-appointed trustee, James Rigby, has remained skeptical about the claims by the lawyer, saying, “These guys have not proven to be exactly forthright and honest in the past,” speaking on the Mastros.
Rigby suspects that the diamonds are being utilized as a bargaining chip, wherein they could provide the information regarding the ring in exchange for lighter sentencing.
Michael Mastro is a longtime Seattle real-estate magnate, who disappeared along with his wife in 2011 after a federal bankruptcy judge ordered the couple to turn over the rings. The judge ruled the rings were the rightful property of the unsecured creditors Rigby represented.
The couple is being held in the Lyon prison, awaiting a hearing regarding their release to the United States under extradition. They have been indicated by a federal jury in Seattle on what is a 43-count fraud and money-laundering charge. The Mastros are said to be looking into fighting the extradition.
Frush maintains that neither of his clients is aware of the rings whereabouts. He also indicates that Michael ought to be released based upon his age, as well as Linda Mastro’s general health problems.
“Their age and mental condition are factors the French court will consider,” he said. Linda Mastro is 62.
Michael Mastro was forced into bankruptcy in 2009, and his debt is estimated at over a quarter-billion dollars.
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Marlows-Diamonds.co.uk (http://www.marlows-diamonds.co.uk/) is an online resource for high-class jewelry, especially when looking for a special diamond ring. People can view a wide array rings, bracelets, pendants, that special diamond engagement ring or engagement rings. Visitors also can learn about the history of Marlow’s Diamonds and find a buying guide for diamond rings, diamond engagement rings and diamond wedding rings.
Marlows Cerified Diamonds
Customer Service
+44 (0)121 236 4415
enquiries@marlows-diamonds.co.uk
Source: EmailWire.Com
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