Home > News of the moment > ‘Vulture funds’ circle as Greece fears grow.

‘Vulture funds’ circle as Greece fears grow.

Thursday 17th May 2012 by  Stephen Foley   and  Nathalie Savaricas     Find Full Article Here:-

As Greeks rush to withdraw savings, bailout fund pays US tax exile €400m.

An American tax exile living in the Cayman Islands has emerged as a winner from the chaos engulfing Greece, even as the political and economic turmoil in the beleaguered nation deepened yesterday, with Athens putting a senior judge in charge of an emergency government to lead it to fresh elections.

Kenneth Dart, the Michigan-born heir to a disposable cups fortune, was handed an estimated €400m (£320m) cheque from Greece this week, after successfully calling the country’s bluff and refusing to take part in the restructuring of government debt that saved Greece from default in the spring.

Find out more about Kenneth Dart and the Dart Manufacturing Company Here:-

Family Business ranks Dart Container 37th in their listing of family companies, with an estimated $1.1 billion in sales, and 4,950 employees.

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