Detroit Millionaire Buys Every Foreclosed Home In County

MACOMB COUNTY, Mich. (WJBK) -
The man who bought every tax foreclosed property in Macomb County says he is willing to sell some of those houses for near-auction prices.

Watch Alexis Wiley's full video report above.

Bill McMachen is a former yacht dealer and the former owner of the MacRay Harbor, but now he is getting into the real estate business. That's because he bought all 650 tax foreclosed properties in Macomb County with a price tag of $4.8 million.


Read more: http://www.myfoxdetroit.com/story/19173858/millionaire-buys-every-tax-forcloused-home-in-macomb-county#ixzz2Or0Mq5Zo

Legal maneuver seen as bid tap his kids' trust fund, shield assets from family of student he killed in drunken crash.

A Florida appeals court has nullified a polo mogul's adoption of his 42-year-old girlfriend in an apparent bid to tap his children's trust fund and shield his assets from the family of a student he killed in a drunken crash.

The 3rd District Court of Appeal ruled Wednesday that John Bailey Goodman, founder of the International Polo Club in Palm Beach, had not notified his two children, their mother, their guardian or the parents of 23-year-old Scott Wilson, who had sued him for wrongful death over the February 2010 crash and were seeking damages.

Goodman's attempt to conceal the adoption "constituted a fraud on the court," the appellate judges wrote in a nine-page opinion.

http://www.usatoday.com/story/news/nation/2013/03/27/florida-polo-mogul-adoption-girlfriend/2026447/