Scaife children say trust fund drained
PITTSBURGH — The children of a late Pittsburgh billionaire say trustees allowed him to divert millions from a family trust to fund his newspapers.
Richard Mellon Scaife’s children said in court documents the trust — worth $210 million in 2005 — was drained when he died July 4. Jennie and David Scaife are demanding an accounting of spending. A hearing is set for Dec. 17.
