Monday, January 25, 2010

Still For Sale


While I'm at it, I might as well mention that Donald Anthony Walker Young's house in Northeast Harbor is still on the market. It is listed by Sotheby's for $1.3 million.
Walker, known as "Tony," has been called "mini-Madoff" for his role in the alleged theft of more than $23 million from investors in his money management firm. His house near the town's seasonal swimming club and some of his other assets, including his boats and his home, horses and riding gear in Coatesville, Pa., are being liquidated to help pay back his former investors. Walker apparently was a horse enthusiast and enjoyed playing polo.
Fortune magazine published a story about Young last fall that, though it seems somewhat slanted, is informative nonetheless. For a more local angle, here's a story about him that appeared in the BDN last November.
For the record, there's a lot more to Downeast Maine than the houses of wealthy people. I find the presence of so much wealth interesting, especially when juxtaposed with the comparatively minor incomes of most of the people who call the region home. But this won't be a blog about the rich & famous. Robin Leach I am not.

Neither is he. That's Tony Young.

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