Martino settles bankruptcy case for $3.6 million

To settle his bankruptcy case that has been pending for over a year, Tom Martino has agreed to pay $18,000 per month for three years in addition to turning over some assets to the court – – he will keep his helicopter and antique airplane.  The bankruptcy trustee had been investigating allegations by banks that Martino transferred assets into his wife’s name to avoid collection efforts.  The agreement must still be approved by the bankruptcy court after the objection period has expired.

For the full story read, “Tom Martino settles bankruptcy for $3.6 million, keeps chopper, plane.”