us fidelis

Lake St. Louis, Estate of the Day

Filed under: Estates

Kenny at Homes of the Rich drew our attention to this one, the home of Darain Atkinson the founder of the now bankrupt US Fidelis, a company that dealt in vehicle service contracts. This sprawling home on Lake St. Louis in Missouri is a nine-bedroom compound that has a beauty parlor, bowling alley, observation tower, meditation room, art studio, gym, safe room and more. Reports say that the listing price of $14.9 million is at least $2 million short of the anticipated construction and land-acquisition costs.

While the home was being built questions on how Atkinson could pay for the home began to arise. According to an article in the St. Louis Post-Dispatch, the bankruptcy filing of US Fidelis shows 331 payments totaling about $7.2 million on expenses related to the compound's construction including charges from an architectural blacksmith, a landscaping company, a home theater company, lighting and millwork companies. A bankruptcy judge has frozen Atkinson's assets, he and his brother, Cory are accused of defrauding US Fidelis to the tune of around $100 million. Ironically, in an interview last year, Atkinson said he was building such a lavish manse to accommodate the charitable fund-raisers he planned to host. The home is on 6.7 acres with indoor and outdoor swimming pools and an eight-car garage.

Tags: darain atkinson, estate of the day, fraud, missouri real estate, us fidelis