Disorders and Treatment
- Mental Illness
- Bipolar Disorder
- Mood Disorders
- Borderline Personality
- Mental Health Diagnosis
- Mental Health Treatments
- Alternative Meds
- Case Studies
For Jeffrey Horan, the problems apparently began with a 2001 helicopter crash.
Horan and five other passengers were flying home from an NBA playoffs game when the helicopter crashed into a tree in a heavy fog. Though there were no fatalities, the injuries Horan sustained in the accident appeared to resulteed in serious mental health problems which eventually led to his forced insitutionalization on at least two occasions, most recently at Bellevue Hospital in 2010. According to Horan's former business partner, Drew Doscher, ""I lost a good friend and a great business partner... When your helicopter crashes doing 165 miles an hour into trees, it tends to change people’s lives."Despite the 43-year old Horan being a multimillionaire former financial services executive with a home in Manhattan's Upper West Side, concerns arose about his erratic spending decisions, including extravagant gifts he made to random people. Although the Bank of America assigned an executive to monitor Horan's finances in 2004, that failed to prevent a bizarre 2010 spending spree in which his account was drained of millions of dollars.
In a lawsuit against the Bank of America filed by Horan's brother, Lawrence, the bank is accused of doing nothing while Jeffrey Horan was being systematically exploited bv two casual acquaintances. The suit also seeks damages against Hoboken-based contractor Alex Gershkovich and Queens woman, Elizabeth Ortiz. Both individuals had reportedly met Jeffrey Horan on separate occasions and managed to coerce him into making large financial gifts to them. The suit states that they both lied to Horan "in order to take advantage of his mania and psychotic delusions." Asking for more than $4 milion in damages from both Gershkovich and Ortiz, the suit is also demanding the return of a $460,ooo Lamborghini from Gershkovich and a $72,000 Mercedes-Benz from Ortiz. The suit also alleges that Gershkvoch received $600,000 for construction costs to Jeffrey Horan's home despite no work being undertaken with an additional $300,000 being fraudulently received by Elizabeth Ortiz as well.
“This is a very unfortunate situation where a guy with a severe mental disorder was taken advantage of by a great many people,” said Kieran Conlon, attorney for Lawrence Horan, in commenting on the case. Along with allowing Horan to drain his accounts, he was also charged large fees by his bank with no real oversight taking place. The spending only ended when Lawrence Horan took formal charge of his brother's finances.
The Bank of America and the other defendants in the lawsuit refused to comment on the allegations.
For more information.
The information provided on the PsyWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her health professional. This information is solely for informational and educational purposes. The publication of this information does not constitute the practice of medicine, and this information does not replace the advice of your physician or other health care provider. Neither the owners or employees of PsyWeb.com nor the author(s) of site content take responsibility for any possible consequences from any treatment, procedure, exercise, dietary modification, action or application of medication which results from reading this site. Always speak with your primary health care provider before engaging in any form of self treatment. Please see our Legal Statement for further information.