Los Angeles Times:  “Convinced that some employees stole from him, Marciano initiated lawsuits that backfired when a judge instead ordered him to pay the accused employees hundreds of millions of dollars in damages.  Marciano, 62, cannot blame his troubles on a Ponzi scheme or the mortgage meltdown. He is poised to lose an empire worth as much as $500 million because he is convinced that some employees stole from him.  That his own accountants and law enforcement agencies found not a cent missing has not dissuaded Marciano from persisting in what he calls “a crusade” to prove the allegations. It has been thus far a losing battle.”

See also “When Lawsuits Backfire: The Georges Marciano Tale.”