The new lawsuit alleges that it was Horan's deteriorating mental state that led him to act in such a generous way, handing out blank checks to near total strangers. Although all of the passengers survived Horan was mentally scarred, later spending time in the psychiatric ward of Bellevue Hospital.īut Bank of America financial advisers claim they didn't noticeanything out of the ordinary in the way Horan was conducting his business in 2010 when he began giving away eye-popping amounts of his own money. Horan was reportedly handicapped for life on his way back to Manhattan from a Philadelphia 76ers game in 2001 when his helicopter crashed in heavy fog. He gave a $72,000 Mercedes-Benz to Orti and transferred $300,000 to her account. Horan reportedly bought Gershkovich a $260,000 Lamborghini while also paying him $600,000 to work on his Upper East Side apartment. Bank of America officials did not intervene while Horan gave away expensive gifts to almost-strangers as he slowly lost his sanity the new suit contends.Īccording to Gothamist, the lawsuit, filed by Jeffrey's brother Lawrence, outlines contractor Alex Gershkovich and a Queens woman named Elizabeth Orti took advantage of Horan's deteriorating mental state. Jeffrey Horan, the millionaire financier who was critically injured in a 2001 helicopter accident, was not protected by his financial adviser, a new lawsuit alleges.
