Griffin, one of the most prominent corporate personalities in Florida, faces charges brought by his four sisters in Polk County Circuit Court that he is mismanaging the family's $300 million trust, forcing relatives out of the business and stole $4.4 million from the trust since it was created by their equally prominent father, Ben Hill Griffin Jr., in 1990.
Griffin denies the allegations and maintains he is running the family's operations profitably and legally.
The sisters also allege the 59-year-old Griffin is overpaying himself as a $1.1 million-a-year CEO of three family-owned companies that own extensive real estate, citrus and cattle assets in at least nine counties, including the Central Florida area.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
