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by Dave Gradijan

Renowned Dr. Bilked Out of $3M in Web Scam

News
Mar 02, 20062 mins
CSO and CISOData and Information Security

A lawsuit filed by the son of renowned psychiatrist Dr. Louis A. Gottschalk alleges that the doctor was bilked out of some $3 million by a Nigerian Internet scam, the Associated Press reports via MSNBC.com.

Gottschalk, 89, works at the University of California, Irvine as a neuroscientist, according to the AP.

He gained national notoriety in the late 1980s after claiming that a study of former President Ronald Reagan’s speech patterns determined that he began suffering from diminishing mental ability as early as 1980, according to the AP.

Court documents say Gottschalk admits to losing $900,000 “to some bad investments,” the AP reports.

Last month, Guy Gottschalk filed the suit requesting that a judge shift administrative authority of the family’s $8 million partnership away from his father because the elder Gottschalk had destroyed records in hopes of keeping his losses hidden, according to the AP.

Guy Gottschalk says he filed the suit to make sure his father didn’t lose any more to the scam, the AP reports; however, Louis Gottschalk says the suit is the product of some unidentified “vendetta.”

A court hearing is slated for March 14, according to the AP.

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