When Doris Day (And Her Fortune) Got Taken For a Ride

Topline: After actress and singer Doris Day (who died Monday at 97) was an ascendant star of the 1950s and ’60s, she skilled a sudden monetary disaster, introduced on by her husband (who was additionally her supervisor) and a Beverly Hills lawyer who squandered her $20 million fortune and left her in debt, as documented by Forbes on the time (learn the unique 1974 article, under).

  • Doris Day’s husband and agent, Martin Melcher, let a Beverly Hills lawyer named Jerome Rosenthal deal with his spouse’s cash, in line with Forbes. Rosenthal poured it into shoddy investments, took kickbacks after which charged shoppers exorbitant charges to save lots of face.
  • Rosenthal’s investments included sham land financial institution bond transactions, doomed enterprise capital tasks, bankrupt inns and shady oil and fuel offers.
  • “My husband thought Rosenthal was a genius,” Day stated on the time. “I was working away, knowing nothing and trusting.”
  • After Day’s husband died abruptly in 1968, Rosenthal tried to assert half of Day’s remaining fortune. Day sued. During the lawsuit, sheriff’s deputies had to make use of power to get Rosenthal’s information.
  • In 1974, a decide determined that Day was owed $22.eight million. Her son stated in a 1986 interview that she ultimately obtained a number of the cash from an insurance coverage firm however “nothing like that amount,” in line with the New York Times.

Day was identified for being one of many greatest field workplace attracts of the early ’60s, with acclaimed roles in Pillow Talk—which earned her an Academy Award nomination—and in Alfred Hitchcock’s The Man Who Knew Too Much. After her film profession, Day starred in The Doris Day Show after her husband—along with shedding her cash—signed a contract committing her to the present with out her information, in line with NPR. She agreed to star within the present so as to repay her money owed.

Source link Forbes.com

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