Semi-monthly news and updates about the homes, people, businesses and communities that are featured in Lake Washington 130 Homes. This covers the Lake Washington waterfront in Seattle’s Madison Park, Denny-Blaine and Madrona neighborhoods, Mercer Island, and The Eastside communities of Bellevue, Medina, Hunts Point and Yarrow Point.
(The above home belongs to Charles Simonyi. See 5/31/11 post.)

Monday, January 17, 2011

Darren Berg Update

Berg’s Former Home and Yacht

The Seattle Times published an extensive article Sunday 1/16/11 by Rami Grunbaum about Darren Berg (prior post). The article starts: “Financial scandals have trailed Frederick Darren Berg across the Northwest for more than 25 years – each linked to his unusual lifelong fixation on tour buses.”

Berg is charged in the biggest Ponzi scheme ever prosecuted in Washington state. Through his company, Meridian Group, he is accused of defrauding hundreds, some of whom their life savings, of more than $280 million.

The article details Berg’s history of fraud going back to his 1980s fraternity days at the University of Oregon.

My prior post on 12/30/10 included information on $5.9 million sale of his Mercer Island north-end waterfront home. I will post a picture of the mansion taken from the water when the weather gets better. (Updated 12/30/11, 5/22/11)

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