VERA Files: Mikey fixes Foster City problem, but not quite
Posted by akosistella on March 8, 2010
The controversial $1.32-million house at 1655 Beach Park blvd. in Foster City, California, is no longer listed in the name of presidential daughter-in-law Angela Arroyo Montenegro, wife of First Son and Pampanga representative Juan Miguel “Mikey” Arroyo.
Arroyo lawyers and associates quietly reported the transfer of the property to the name of Beachway LLC on Sept. 18, 2009, nearly three weeks after VERA Files reported Arroyo’s failure to declare the property in his 2007 and 2008 Statement of Assets, Liabilities and Networth (SALN).
But in their attempt to cure the problems in the property’s ownership records, the lawyers and associates overlooked the fact that they were reporting a transaction two years late, and inadvertently also drawing attention to Arroyo’s failure to report the property in his July 2007 SALN.
Click Business Insight Malaya.