By: E&P Staff When the messy divorce proceeding involving billionaire conservative funder -- and owner of The Tribune-Review daily in Pittsburgh -- Richard Mellon Scaife went public, you had to know it would get tawdry before it was over. The battle over the couple's dogs now seem like the innocent days, in the wake of an epic report in today's Washington Post by David Segal.
The title alone is worth it: "Low Road to Splitsville: Right-Wing Publisher's Breakup Is Super-Rich In Tawdry Details."
The full story is at www.washingtonpost.com. Here are a couple of excerpts.
*
Remember him? The cantankerous, reclusive 75-year-old billionaire who's spent a sizable chunk of his inherited fortune bankrolling conservative causes and trying to kneecap Democrats? He's best known for funding efforts to smear then-President Bill Clinton, but more quietly he's given in excess of $300 million to right-leaning activists, watchdogs and think tanks. Atop his list of favorite donees: the family-values-focused Heritage Foundation, which has published papers with titles such as "Restoring a Culture of Marriage."
The culture of his own marriage is apparently past restoring. With the legal fight still in the weigh-in phase, the story of Scaife v. Scaife already includes a dog-snatching, an assault, a night in jail and that divorce court perennial, allegations of adultery.
Oh, and there's the money. Three words, people.
No. Pre. Nup.
*
In late 2005, Ritchie Scaife peered through a window at one of her husband's many homes and saw him with one Tammy Sue Vasco, a woman whose colorful criminal history includes an arrest for prostitution. And this tryst was no one-afternoon stand. Ritchie Scaife describes Vasco in court filings as her husband's "mistress."....
At some point in late 2005, Ritchie started having suspicions about her husband and hired a private investigator named Keith Scannell, a specialist in high-end surveillance for insurance companies. In December of that year, Scannell followed Richard Scaife to nearby North Huntingdon, home of Doug's Motel, a place where the TVs are bolted to the furniture and rooms can be rented in three-hour increments, for $28. (It's now under new management and renamed the Huntingdon Inn. Head east on Route 8, then east on Route 30.) There, according to Scannell, Scaife spent a few hours with Tammy Sue Vasco.
Why a billionaire would shack up at Doug's Motel, of all places, is a mystery. Ditto his choice of companions. Vasco is a tall, blond 43-year-old mother who in 1993 was busted in a sting operation after showing up at a Sheraton hotel and offering to have sex with an undercover cop for $225, the Post-Gazette reported.
Social Register material she is not, but Vasco and Scaife seemed to have a relationship that went beyond the purely professional. The two usually met each other twice a week, for months, at the motel, says an employee of the motel. Scaife would show up in a chauffeured car, dressed in a suit, wearing cuff links, always bearing flowers. Vasco would be waiting in same room every time, Room 5 on the ground floor, facing the parking lot, said the employee. Mr. Dick, as he was known at the motel, would stay for two hours or so, then get back in the car, which had been waiting, and leave.
"He actually seemed infatuated with Tammy," says the Doug's Motel employee, who did not want to be identified because of the powerful parties in the case. "She'd talk about trips that he took her on, to California, New York City. And it was great for her. It changed her life."
*
Now we know that Scaife is beneficiary of nine different trusts, including one called the "1935 Trust," with an approximate value of $210 million, and another called "The Revocable Trust," valued at $655 million. Altogether, these gushers are worth about $1.4 billion.
We learned, too, that the Tribune-Review has been a gurgling sinkhole from Day One; Scaife's lawyers say their client has pumped as much as $312 million into it over the years. And he's going to have to keep on pumping. The Tribune-Review's CEO has predicted an annual shortfall of $20 million for years to come.
These figures matter in the divorce because Scaife is arguing that the funds he forwards to the Tribune-Review should be deducted from his aggregate income, putting his annual haul closer to $17 million a year, a long way from the $45 million a year cited by Ritchie's lawyers. If true, that would of course reduce the monthly alimony check he could owe his wife once there's a permanent settlement.
Not surprisingly, Ritchie Scaife's attorneys have a different view. They say that Richard Scaife operates the Tribune-Review with so little concern for profit and loss that it's more a hobby than a business.
Comments
No comments on this item Please log in to comment by clicking here