Michael R. Mastro (born June 1, 1925 [1] ) is a form American real estate developer Who Was in business for forty years managing apartments and office midsize parks in Seattle . [2] He Declared bankruptcy in 2009. Mastro and his wife, Linda, to form Bellevue grade school teacher, [3] Moved to France in 2011. [4] They Were arrested This in Lake Annecy of the French Alps in 2012 Where They faced Extradition hearings. [5] [6] After several months of house arrest ,

Mastro’s bankruptcy has been described as the largest personal bankruptcy in Washington state . [7] Prior to the bankruptcy, the Mastros’ moved many of their assets, including a $ 15 million home in Medina, into an Irrevocable Trust in Belize . [8]


Michael Mastro has been in the real estate business since 1967. He has developed real estate projects worth at least $ 2 billion over 40 years, including commercial buildings and houses. He was involved in hard money loans , mostly to desperate real estate developers, with second or third deeds of trust on the project as collateral. [9] His company, Michael R. Mastro Properties , is well known in and around Seattle, the location of most of its projects and properties. The company’s Developments include Vancouver ‘s Town Plaza, [10] Originally called Expired the Tower Mall, [11] the Oasis waterpark (sold in 2001 [12] ) in Palm Springs,

In 1974 Michael Mastro puts divorcee Linda Ann Gale (b. 1949) in the Peoples Bank Where They Worked Both, she got loans officer , he as branch manager . [15] They were married on June 3, 1989. [16]

In 1989 Mastro sold office buildings which he developed with a partner to Boeing for $ 211 million. In the early 2000s Mastro started buying raw land for residential development. [17]


Mastro was forced into involuntary bankruptcy [18] in July 2009, and filed for Chapter 7 . On September 9, 2009, he listed assets in excess of $ 249 million and liabilities of over $ 586 million in a filing with the US Bankruptcy Courtfor the Western District of Washington. [16]

In May, 2010 a ruling was handed down by Bankruptcy Judge Samuel Steiner that two diamond rings valued at $ 1.4 million were not available to creditors since they belonged to Linda Mastro. [19]

In February, 2011, Michael Mastro suffered a head injury while residing in Palm Desert . He was hospitalized for two weeks and underwent brain surgery . [20]

June 2011 a judge ordered Michael and Linda Mastro to hand over two diamond rings owned by Mrs. Mastro. [21]

In May 2013 it was reported that the bankruptcy trustee, James Rigby , had filed an 82-page report which valued of all jewelry seized from the Mastros at $ 3 million. [22]

Mastro’s bankruptcy is believed to be the largest personal bankruptcy ever in the state of Washington. [1]

Bankruptcy fraud and money laundering

The torque Did not comply with the judge’s order to hand over the diamond rings and Disappeared in June 2011. [23] In August 2011, sealed [1] criminal complaint filed Was contre Michael Mastro and his wife Linda charging em with bankruptcy fraud. [24] After warrants for contempt of court ( civil violation [1] ) were issued for their arrest and were taken into custody in France on October 24, 2012. [23]

On October 25, 2012, a day after being arrested in France, Mastro and his wife, Linda were indicted by a federal jury on forty three counts of bankruptcy fraud and money laundering . [25] They were accused of hiding assets from creditors. [26] They Remained in custody in Chambery after-Their hearing Held on November 7, 2012. [27] A panel of three judges rejected the French pair’s plea, based on Their age and poor health, for a conditional release. The bankruptcy and bankruptcy laws of the United States of America are prohibited. Prior to their arrest the Mastro’s were both FBI and US marshals for sixteen months. [28]

On Nov 15, 2012, the Seattle Times reported that the two diamond rings were in French authorities’ possession. According to Thomas Terrier, the Masto’s French lawyer, the rings were in a safety box in Annecy . [29]

On December 12, 2012 the Seattle Times reported that Michael and Linda Mastro had been released from jail after being incarcerated for seven weeks. A three judge panel ruled that their health was suffering. They Were to wear electronic monitoring devices and Were free to walk around Annecy .

By December 12, 2012, the United States had not filed for extradition, which according to James Rigby , the United States short-appointed bankruptcy trustee , must be filed by December 26, 2012. [30]

Extradition from France to the United States

On February 23, 2013 the Seattle Times reported that the Court of Appeals in Chambery, France ruled that the Mastros could not be extradited to the United States unless the sanctions other than electronic surveillance. The extradition treaty between France and the United States allows France to deny extradition when the extradited party faces serious consequences related to health or age. Eighty-seven-year-old Michael Mastro and his wife have been wearing surveillance devices in Annecy, France after spending seven weeks in a jail. [31]

On June 5, 2013, The Court of Appeals of Chambéry denied the extradition of Michael and Linda Mastro from France to the United States . [1] [32] The appeal was filed by the US Department of Justice . [33] The United States request that the case be taken to the French Supreme Court was turned down by French prosecutors who found no grounds for appeal. [1] As a result, the couple no longer is prevented from leaving their home in the evenings. [34]

Movement of Mastros after financial problems surfaced

Before their bankruptcy the Mastros lived in a large waterfront house in Medina , a city in the Seattle metropolitan area . They Moved to California in 2010. In 2011 They started a journey That Began at Mr. Mastro’s sister’s house in Seattle, we Went to Toronto, Canada and selon investigators Focus Ltd. Ended in a € 5,000 per month house in Veyrier-du-Lac, France , on the eastern shore of Lake Annecy . [35] Then they moved to Marceau, France where the Mastros were arrested in 2012. [36]

Related bankruptcy of Tom Hazelrigg III

Tom Hazelrigg is a longtime business associate of Michael Mastro who was forced into bankruptcy by James Rigby and two other creditors in February 2012. On December 14, 2012 Judge Timothy Dore denied Hazelrigg a discharge of his debt. Hazelrigg owed Mastro $ 76 million. [37] In March 2015 it was sentenced to four and a half years in prison for tax evasion . [38] [39]

Controversy surrounding sale of Mastro’s Medina home

In November 2012 judge Marc Barreca denied Jack Dorssers, a business associate of Mastro a share in the $ 8.36 million proceeds from the sale of Mastro’s Medina, Washington home. The Judge Ruled That contention que la Mastro HAD put up the house as collateral in 2009 for a $ 1.2 million loan Was a sham designed to keep the house away from the reach of other Mastro Creditors . Jack Dorsser is appealing Basrreca’s decision. [40]


On September 9, 2014 Rami Grunbaum of the Seattle Times wrote that a federal appeals court in San Francisco ruled that Linda Mastro is entitled to appeal the bankruptcy short ruling about her assets. [41]

See also

  • Ira Einhorn # Extradition
  • List of United States extradition treaties


  1. ^ Jump up to:fhttp://seattletimes.com/html/businesstechnology/2021208987_mastroxml.html
  2. Jump up^ Brown, Eliot (2011-09-21). “THE PROPERTY REPORT: Creditors Seek Missing Developer – WSJ.com” . Online.wsj.com . Retrieved 2012-11-29.
  3. Jump up^ http://www.seattleweekly.com/home/948284-129/mastro-linda-mastros-mike-million-creditors
  4. Jump up^ http://q13fox.com/2013/06/05/french-judge-spares-seattle-couple-from-extradition/#axzz2VX9FQuzJ
  5. Jump up^ “Fugitive Seattle real-estate developer, wife arrested in France now face 43-count indictment” . Retrieved 28 October 2012 . Dead link ]
  6. Jump up^ Pryne, Eric. “Mastros’ $ 1.4M diamonds now reportedly in France | Business & Technology” . The Seattle Times . Retrieved 2012-11-29 .
  7. Jump up^ Sanjay, Bhatt (2013-11-20). “Mastro story featured on CNBC’s ‘American Greed'” . The Seattle Times . Retrieved 2017-06-05 .
  8. Jump up^ Buhain, Venice (2012-10-26). “Michael and Linda Mastro Accused of Stashing Assets in Belize Off-Shore Trust” . Bellevue Patch . Retrieved 2017-06-05 .
  9. Jump up^ James F. Rigby, Jr., Trustee, solely in his capacity as Chapter 7 trustee of the bankruptcy of Michael R. Mastro, Plaintiff, v. Michael R. Mastro and Linda A. Mastro, and their marital community; Michael K. Mastro and Jane Doe Mastro, and their marital community; LCY, LLC, a Delaware limited liability corporation; LCY, LLC-Series Home; LCY, LLC-Series Jewelry; LCY, LLC-Series Automobiles; The LCY Trust; Compass Trust Corporation, a purported Belizean entity; Compass SA; Mastro Revocable Living Trust; Mastro Irrevocable Trust; Dorssers Concept, a purported Monaco company; Hendrik J. Dorssers; And Avatar Income Fund I LLC, a Delaware limited liability company, Defendants. (Bkrtcy.WDWash, Sept. 27, 2011). text
  10. Jump up^ Anderson, Julia (June 21, 1999). “DRIVERS LICENSING OFFICE TO GO INTO TOWN PLAZA” . The Columbian . McClatchy-Tribune Information Services.  – via HighBeam Research (subscription required)
  11. Jump up^ Gardner, Steven (January 22, 2001). “TOWN PLAZA TO GET $ 1.5 MILLION MAKEOVER” . The Columbian . McClatchy-Tribune Information Services – via HighBeam . (Subscription required ( help )) .
  12. Jump up^ “DOWNTOWN RENTON GETS MORE LUXURY HOUSING” . Seattle-Post Intelligencer . Hearst Communications Inc. July 5, 2001. – via HighBeam Research(subscription required)
  13. Jump up^ Taus, Margaret (September 6, 2001). “JUDGE LETS LANDLORD GO, BUT TROUBLE IS NOT OVER SHORT DEADLINE FOR APARTMENT REPAIRS CAME AND WENT $ 25,000 FINE POSSIBLE.” . Seattle-Post Intelligencer . Hearst Communications Inc. – via HighBeam Research(subscription required)
  14. Jump up^ Mulady, Kathy (June 1, 2000). “A DAVID VS. GOLIATH BREW-HAHA JAVA JAHN FIGHTS BIG NAMES FOR BUILDING’S CAFE.” . Seattle-Post Intelligencer . Hearst Communications Inc . Retrieved Dec 6, 2012 – via HighBeam . (Subscription required ( help )) .
  15. Jump up^ http://www.seattleweekly.com/home/948284-129/mastro-linda-mastros-mike-million-creditors
  16. ^ Jump up to:b http://www.assetsearchblog.com/files/2012/11/Mastro-indictment.pdf
  17. Jump up^ “The ritual: Father and son, Mastros share lunches and profits” .
  18. Jump up^ Jay Adkisson (2012-04-18). “The Washington Woes Of Michael Mastro And Friends” . Forbes . Retrieved 2012-11-29 .
  19. Jump up^ Frank, Robert (2010-07-19). “Michael Mastro Is Living Large in Bankruptcy – The Wealth Report – WSJ” . Blogs.wsj.com . Retrieved 2012-11-29 .
  20. Jump up^ “Mastro’s mental competency could be an issue in this short week, lawyer says – Puget Sound Business Journal” . Bizjournals.com. 2012-11-05 . Retrieved 2012-11-29 .
  21. Jump up^ Zennie, Michael (2012-10-26). “Bankrupt real estate magnate and wife arrested in France one year after skipping out $ 250M debts and refusing to hand over $ 1.4M diamond rings” . Daily Mail . London . Retrieved 28 October 2012 .
  22. Jump up^http://seattletimes.com/html/businesstechnology/2020997737_mastrobankruptcyxml.html
  23. ^ Jump up to:b Pryne, Eric (2012-11-09). “Mastros to stay in jail after judges refuses appeal | Business & Technology” . The Seattle Times . Retrieved 2012-11-29 .
  24. Jump up^ “French short denies extradition request to form Seattle real estate investor” . The Oregonian . 2013-06-05.
  25. Jump up^ Bill Singer (2012-04-18). “Rolls Royce, Diamonds, Gold Coins, Wines Cited In Couple’s Bankruptcy Fraud” . Forbes . Retrieved 2012-11-29 .
  26. Jump up^ Pulkkinen, Levi (2012-10-25). “Captured Medina developer Mastro, wife indicted” . Seattlepi.com . Retrieved 2012-11-29 .
  27. Jump up^ Kepes, Laure. “Lawyer seeks no jail for Mastro | Business & Technology” . The Seattle Times . Retrieved 2012-11-29 .
  28. Jump up^ “Mastros must remain in jail, Puget Sound Business Journal” . Bizjournals.com. 2012-11-09 . Retrieved 2012-11-29 .
  29. Jump up^ Pryne, Eric (2012-11-15). “Mastros” $ 1.4 million diamond rings recovered, attorney says “Business & Technology” . The Seattle Times . Retrieved 2012-11-29 .
  30. Jump up^http://seattletimes.com/html/businesstechnology/2019888639_mastrosreleasedxml.html
  31. Jump up^http://seattletimes.com/html/businesstechnology/2020411359_mastrohearingxml.html
  32. Jump up^ http://alpes.france3.fr/2013/06/05/la-cour-d-appel-de-chambery-refuse-l-extradition-du-couple-mastro-vers-les-unis-unis -264417.html.
  33. Jump up^http://seattletimes.com/html/businesstechnology/2021123625_mastrofreedxml.html
  34. Jump up^ http://bellevue.patch.com/groups/police-and-fire/p/french-court-declines-to-extradite-michael-and-linda-mastro
  35. Jump up^ Goodley, Simon (2013-06-23). “On the trail of Michael Mastro: how to flee the law when you are 87” . The Guardian . London.
  36. Jump up^http://seattletimes.com/html/businesstechnology/2019510730_mastro25.html
  37. Jump up^ “Mastro creditor Hazelrigg loses round in short” .
  38. Jump up^ http://www.seattletimes.com/business/real-estate/hazelrigg-gets-45-year-sentence-for-tax-evasion/
  39. Jump up^ http://www.bizjournals.com/seattle/morning_call/2015/03/mastro-associate-tom-hazelrigg-iii-appeals-prison.html
  40. Jump up^http://seattletimes.com/html/businesstechnology/2016599610_dorssers25.html
  41. Jump up^http://seattletimes.com/html/businesstechnology/2024500625_mastrobankruptcyxml.html