The widow of a telecom tycoon is battling to save her $190M home, accusing a lender of setting up a ‘loan-to-own scheme’
Yahoo Finance·2025-12-31 15:35
A grand mansion from Hollywood’s Golden Age is in the midst of a nasty legal battle. At the center of this dispute is 79-year-old Karen Winnick (pictured: left), widow of the late Global Crossing founder Gary Winnick (pictured: right). Currently, she’s scrambling to stop the foreclosure of her 40,000-square-foot residence, named Casa Encantada, in Bel-Air and becoming “effectively destitute.” In a cross-complaint (1) filed in the Los Angeles Superior Court, Karen accuses lender CIM Group of orchestratin ...