An explosive new court filing alleges Orioles chairman and CEO John Angelos and his mother “plundered” tens of millions of dollars from ailing team owner Peter Angelos, bought a greater share of the franchise and shielded assets from potential creditors.
The allegations were made by Peter Angelos’ younger son, Louis Angelos, in an updated lawsuit against his brother and mother. They depict an alleged scheme in which, in the five years since the patriarch fell ill and became incapacitated, John and Georgia Angelos “systematically drained” a bank account that held more than $65 million, leaving about $400,000 as of several months ago.
“Peter’s wife, Georgia, and his son, John, have failed him, shirked their responsibilities and breached their legal duties, in multiple, catastrophic ways,” according to the amended complaint filed Monday in Baltimore County Circuit Court by attorneys for Louis Angelos.
The filing says mother and son secretly bought additional shares of the team from another member of the Baltimore Orioles Limited Partnership that, with Peter Angelos as the majority investor, owns the team.
Neither the amount of the shares nor the seller is identified, although it is apparently a woman. The current partnership includes two women by name, Wanda King, the first wife of the late author Tom Clancy, and Pam Shriver, the former tennis star. It also includes estates and a foundation that could include or be represented by women.
The investor “expressed an interest in...
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