Late Pittsburgh billionaire's children say he diverted trust millions to fund Tribune-Review

Associated Press

The children of a late Pittsburgh billionaire say trustees allowed him to divert hundreds of millions of dollars from a family trust to fund his struggling newspapers.

Richard Mellon Scaife's children said in court documents last week the trust — worth $210 million in 2005 — was drained when he died July 4.

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Jennie and David Scaife say trustees allowed their banking and oil heir father to use the trust as "his own personal bank account." They're demanding an accounting of spending.

A hearing is scheduled for Dec. 17.

Scaife's children say they were told at least $90 million from the trust would be left to them. They say instead the 1935 trust funds were used to cover the Tribune-Review's losses.

The executor of Scaife's estate disputes the children's claims.