04 Aug DID O.J. SIMPSON AND HIS SON CONSPIRE TO DEFRAUD O.J.’S CREDITORS?
Malcolm LaVergne, the special administrator of O.J. Simpson’s estate, has sued Primary Holdings, LLC, owned by O.J. Simpson’s son, Justin Simpson, for claiming that he is the owner of O.J. Simpson’s Las Vegas home.
Originally, O.J. purchased the home with the help of Primary Holdings, LLC, although O.J. had final approval of the purchase, including the specifics of what he wanted. O.J. was making mortgage payments through a complicated ownership “agreement”. However, Justin’s company, Primary Holdings, LLC, owned the propert,y giving control of the property to Justin. O.J. continued to make mortgage, maintenance, utilities, and other costs until he died. As a result, LaVergne claims “it was understood by Justin, Primary Holdings, and the decedent (O.J.) that decedent was intended to be the de facto owner of the property. O.J. was ordered to pay $33.5 million (now over $100 million due to interest) to the families of Nicole Brown Simpson and Ronald Goldman as a result of a civil trial although he was acquitted of their murders in the criminal trial. O.J. also owed money to the IRS.
LaVergne has sued for the money O.J. paid for the property, and the appreciation (equity) on the property, or for Justin to transfer title to O.J.’s estate to help pay creditors. The home is presently worth $835,000. O.J. resided in the home at the time of his death. Justin then moved into the residence.
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