Robert Reldan Settlement Update - Reldan to pay $10M to Susan Reeve's state

Robert Reldan Settlement Update - Reldan to pay $10M to Susan Reeve's state

Trenton : NJ : USA | Oct 11, 2010 at 10:04 AM PDT
Views: Pending
Trenton Watson

Do you think most of the prisoners are broke with empty pockets? Not in the case of Robert Reldan, who made a huge fortune while serving a life sentence for his multiple crimes.

Robert Reldan, 70, who currently serving in New Jersey State Prison in Trenton is the lifetime beneficiary of an $8.9 million trust set up under the will of his multi-millionaire aunt Lilian Garis Booth.

Robert Reldan was convicted of rape and murder Susan Reeve and was charged also with the murder of Susan Heynes in the mid 70's. Ironically, he was charged also of trying to kill his millionaire aunt in 1979. But still Booth left him millions of fortune with a note in a letter, "I did not believe my nephew would hurt me, nor do I today."

Reeve's family sued Robert Reldan for damages in 2008, upon learning Reldan amassed fortune, according to North Jersey. Reeve's estate attorney Robert Zeller file a wrongful death action on behalf of Susan Reeve's estate. The case brought also the amendment of Suvivor's Act, which Robert Zeller was able to seek pain and suffering damages far in excess of the economic damages available under the Wrongful Death Act.

Robert Reldan $10M settlement details for Susan Reeve's murder

Susan Reeve state, entered a settlement in a Bergen County, N.J., case that pays more than $725,000 up front as well as most of the income flow from the trust. The actual settlement's value at $10 million but how much it is actually worth will turn on how long Reldan, now 70, survives.

While in jail, Reldan will still receive $2,080 each year, and if he is ever paroled, he will get $50,000 each year.

Susan's father Arthur Reeve said the estate will donate all the money to Hollins University in Virginia, where Susan Reeve graduated five months before she was murdered.

“I think it is a wonderful resolution that the money that came from a double murder is going to go to the education of young men and women,” Arthur Reeve said.

It is a gratifying outcome for both parties and students Hollins University will benefit from the settlement with Susan Reeve’s family settlement through the scholarship in her name. It is one of a kind settlement case, unless when a prisoner's Aunt is filthy rich.

richwebnews is based in San Francisco, California, United States of America, and is an Anchor on Allvoices.
Report Credibility
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear

News Stories

  • Ivanhoe Australia seeks Canada listing

      Sydney Morning Herald
    Story continues below Ivanhoe Australia chief executive Peter Reeve said no prospectus needed to be submitted or equity offered under compliance listings...Mr Reeve said the TSX listing would allow Ivanhoe Australia to leverage Ivanhoe Mines' strong...



More From Allvoices

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.