Family feud over late designer Oleg Cassini’s fortune, properties lands widow in jail

Marianne Nestor is behind bars for ignoring court requests for papers

New York Weekend Edition /
Jun.June 17, 2018 11:39 AM

From left: Upper East Side, Oleg Cassini in 1955. (Credit: Hornswoggle)

Marianne Nestor is behind bars for a cause she believes in.

The widow of  Oleg Cassini, a fashion designer who dressed Jackie O among other starlettes, Nestor is in jail for not following court orders related to the protracted legal battle over his $55 million estate, according to the New York Post.

Meanwhile, Cassini’s grandson, Alexandre Cassini Belmont, is trying to force the sale of a $15 million Gramercy townhouse, which Nestor calls her “primary residence” in an effort to recoup the over $760,000 a court determined was owed by Nestor to his late mother’s estate.

Belmont’s mother, Christina, and her sister Daria–Cassini’s children from a previous marriage to Hollywood actress Gene Tierney–were supposed to be entitled to half his fortune under a 1953 divorce decree, however, due to the dispute with Nestor, they both died before any funds were released.

Nestor was arrested on May 3, en route to the opera in Manhattan, for ignoring court requests to hand over business records and other documents. All Cassini’s businesses were under Nestor’s control until 2015 when she and her sister, Peggy, were accused of mismanagement and a receiver stepped in.

“Marianne has engaged in a pattern of obstructionist conduct the likes of which are rarely, if ever, seen in Surrogate’s Court,” wrote attorney Robert Harper in a legal filing on behalf of the estates of Christina and Daria. Though Nestor could secure her release by handing over the documents, Harper alleged the widow ordered the papers in question to be destroyed after her arrest.

Cassini’s other properties that passed into Nestor’s hands following his death in 2006 include a five-story building at 15 East 63rd Street, at which Nestor recently succeeding in pushing out a high-profile tenant, and a mansion in Oyster Bay. [NYP]Erin Hudson


Related Articles

arrow_forward_ios
Zillow: iBuyers Account for Record 1.9% of Home Sales in Q3
iBuyers reached record housing market share, sales volume
iBuyers reached record housing market share, sales volume
CoStar CEO Andy Florance
CoStar comes home to play
CoStar comes home to play
Cash-Out Home Refinancing Hits 14-Year High in Third Quarter
Cash-out mortgage refinancing hits 14-year high
Cash-out mortgage refinancing hits 14-year high
Gov. Kathy Hochul (Getty, iStock)
Hochul opens $539M homeowner assistance fund
Hochul opens $539M homeowner assistance fund
WATCH: SmartRent’s Lucas Haldeman on multifamily’s tech era
WATCH: SmartRent’s Lucas Haldeman on multifamily’s tech era
WATCH: SmartRent’s Lucas Haldeman on multifamily’s tech era
Proptech unicorn Pacaso’s meteoric rise — and fallout
Proptech unicorn Pacaso’s meteoric rise — and fallout
Proptech unicorn Pacaso’s meteoric rise — and fallout
$22M pad at 111 West 57th tops Manhattan luxury market
$22M pad at 111 West 57th tops Manhattan luxury market
$22M pad at 111 West 57th tops Manhattan luxury market
Buyer in deal for oceanfront Wainscott home asking $37M
Buyer in deal for oceanfront Wainscott home asking $37M
Buyer in deal for oceanfront Wainscott home asking $37M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...