Monday, June 4, 2012

The Tech Guru Who Lost His Entire Fortune Investing In Lavish Rreal Estate

Jewel: The sprawling Carter's Grove plantation is one of the most historic examples of Georgian architecture in the nation

The Tech Guru Who Lost His Entire Fortune Investing In Lavish Real Estate... And His Bankruptcy May Have Ruined One Of The Most Historic Homes In America -- Daily Mail

It is the story of how one man made it all, lost it all and all but ruined one of the most historic houses in America.

Halsey Minor’s four-and-a-half year reign in charge of Carter’s Grove is now over but in its wake are a trail of debts -- and the end of a tech guru’s dream.

Once worth $400million Minor now owes $12million including $10.5million to the state of California in unpaid taxes, making him its no.1 tax avoider.

Read more ....

My Comment: His ego got ahead of his common sense.

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