U.S. Fidelis Owners Settle with Creditors; Forfeit Cash, Mansions, Yacht, Motorcyles
Categories: Dirty Rotten Scoundrels
The two brothers charged with using their auto-warranty business like a personal ATM -- withdrawing tens of thousands of dollars each week to fund their lavish lifestyles -- have reached a settlement with the creditors of their bankrupt company.
Under terms of the deal, Darain and Cory Atkinson will surrender $10.5 million in cash taken out of their Wentzville-based U.S. Fidelis over recent years. Also on the auction block as part of the settlement is Darain's $26.7 million home in Lake St. Louis (on the market now for $15 million), their 50-foot yacht "Isabelle" and 10 other boats, 11 automobiles and 14 motorcycles.
Today's Post-Dispatch has additional details on the settlement.
Under terms of the deal, Darain and Cory Atkinson will surrender $10.5 million in cash taken out of their Wentzville-based U.S. Fidelis over recent years. Also on the auction block as part of the settlement is Darain's $26.7 million home in Lake St. Louis (on the market now for $15 million), their 50-foot yacht "Isabelle" and 10 other boats, 11 automobiles and 14 motorcycles.
Today's Post-Dispatch has additional details on the settlement.
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