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H. Beatty Chadwick

Once a successful attorney in Philadelphia's Tony Main Line suburbs, H. Beatty Chadwick went to prison in 1995 when a judge ruled that he had hidden his wealth in overseas bank accounts rather than allow it to fall into the hands of his ex-wife. Mr. Chadwick has insisted for years that the money was lost in a failed investment, but a string of judges have found him in disapproval of the court, and ordered him jailed until he returns the cash. Recently a Delaware County judge issued another tough opinion against Chadwick, ruling that he owes his ex-wife $4.2 million. The total includes a 50% share of the couple's marital assets, plus $1.4 million in legal fees and some additional overdue alimony payments. To enforce the Oct. 27 ruling, Judge Chad F. Kenney Sr. ordered Chadwick to post a security deposit for the entire amount. Chadwick's attorney, Michael Malloy, said his client's once-substantial wealth is all but gone, and that no additional time behind bars can force him to produce money that doesn't exist. (Nov-25-04) [OBSERVER REPORTER]

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Published on Nov-25-04


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