An explosive new court filing alleges Orioles chairman and CEO John Angelos and his mother “plundered” tens of millions of dollars from ailing team owner Peter Angelos, bought a greater share of the franchise and shielded assets from potential creditors.
The allegations were made by Peter Angelos’ younger son, Louis Angelos, in an updated lawsuit against his brother and mother. They depict an alleged scheme that, in the five years since the patriarch fell ill and became incapacitated, John and Georgia Angelos “systematically drained” a bank account that held more than $65 million, leaving about $400,000 as of several months ago.
“Peter’s wife, Georgia, and his son, John, have failed
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