Couple living the high life with money from Detroit pension fund?

4:23 pm
Mon August 27, 2012

Couple living the high life with money from Detroit pension fund?

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Faberge eggs, Rodin sculptures, and a mountainside resort in Costa Rica. These are just some of the treasures being sought by Detroit pension fund lawyers. They're accusing George and Teresa Kastanes of bilking $5 million from a January 2008 pension fund investment deal. The Detroit News reports no criminal charges have been filed.
Detroit - A South Carolina couple accused of stealing $5 million from a Detroit pension fund lived lavishly, shopped for a $1.5 million Caribbean vacation home and splurged on jeweled Russian eggs and statues created by famed French sculptor Auguste Rodin, according to federal court records.
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