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.)

Friday, December 30, 2011

Berg Writing Book

Yacht in front of Berg’s former mansion

Berg’s former Mercer Island mansion

The Seattle Times published an extensive article Friday 12/30/11 by Rami Grunbaum about Darren Berg being in the process of writing a book. “ . . . he's written more than 350 pages of a planned e-book ‘to make some sense of the financial carnage I caused.’ ” Grunbaum quotes portions of the book where Berg makes unsupported claims in gibberish that others were to blame: “ ‘. . . dysfunctional bankruptcy process . . . perversely incented . . . system . . . a daft and disgruntled former employee . . ., etc.’ ”

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. Berg was indicted and filed for bankruptcy in 2010. The sentencing hearing is scheduled for 1/20/12 and the 49 year-old faces a recommended sentence of 18 years in jail.

The article details other portions of the book and others’ reactions to the book and Berg’s history and personality.

My prior posts on 5/22/11, 1/17/11 and 12/30/10 included information regarding his Ponzi, scheme, the court process and the $5.9 million sale of his Mercer Island north-end waterfront home.

No comments:

Post a Comment