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Multimillionaire mental patient duped into buying luxury cars worth $532k

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ANI New York

Two shifty strangers in the US duped a multimillionaire mental patient into splurging for luxury cars and huge cash payoffs to cement their one-sided friendships.

Upper East Sider Jeffrey Horan's loopy largesse to his crooked cohorts was ignored by bank officials as his accounts were looted of millions of dollars during 2010, according to a lawsuit.

The 22-page Manhattan Supreme Court filing by Horan's brother Lawrence, 40, seeks damages of at least 4 million dollars from Jeffrey Horan's purported pals - Hoboken-based contractor Alex Gershkovich and a Queens woman named Elizabeth Ortiz, the New York Daily News reported.

The suit also demands the return of 600,000 dollars cash and a 460,000-dollar Lamborghini from Gershkovich, along with 300,000 dollars cash and a 72,000-dollar Mercedes-Benz from Ortiz.

 

The pair, after separate chance meetings with Horan, 43, cashed in by coercing the "visibly disabled and psychotic" victim into a seven-figure spending spree, the suit said.

Ortiz and Gershkovich lied to Jeffrey Horan "in order to take advantage of his mania and psychotic delusions," the lawsuit charged.

It also seeks unspecified money and damages from Bank of America and financial company Merrill Lynch over their mishandling of Jeffrey Horan, a financial services veteran who once worked for Lehman Brothers.

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First Published: May 30 2013 | 4:03 PM IST

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