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Check back here after the premiere of the show this Saturday, August 15 at 9pm on Fox Reality Channel to get the rundown.
HOW COULD I FORGET THIS! Peep this lil tidbit below about Mr. Bell....SMH
Judge rules 'Different World' star Bell lost $14 M estate due to foolishness, not abuse - $14 million estate of late father of actor Darryl BellA Superior Court probate judge in Morris County, N.J., ruled recently actor Darryl Bell, who starred on the long-running sitcom "A Different World," wasted the $14 million estate left by his late father out of imprudence rather than wrongdoing as charged in a suit.Bell, 24, took over Daniels & Bell, Wall Street's first Blackowned securities firm, after his father Travers Bell, Jr., was stricken by a fatal heart attack in 1988 at age 46. While Bell had no experience in the business, court records indicate he put his mother and sister on the payroll and amassed a huge debt on the corporate credit card.
Before his death, Bell had also been major shareholder in Freedom National Bank, which was taken over by federal authorities three years after he died. In addition, Cocoline Chocolate Co., which had made chocolate chips for Nabisco before losing the account, filed a Chapter 11 bankruptcy petition last year.
As assets and revenue plummeted at the firm, the window of the late founder, Laura Bell, and two of his sisters, Joanne Walker and Karen Bell McClearin filed suit charging the young actor mismanaged the established New York securities firm.
Judge Reginald Stanton ruled that the late Bell's estate, which was estimated at worth $14.9 million two years before his demise, insolvent at little more than $1 million and ordered that its holding be "terminated" or "disposed of" in order to pay debtors -- including the IRS which has a $2.3 million stake in the estate.
In their suit, the women had charged the young Bell had mismanaged the business and misappropriated monies. They also asked the court to name new executors of the will and asked that co-executors, Darryl and his grandfather, be held accountable for replacing $5 million they maintained had disappeared from the estate.
In dismissing the case after a six-month trial, Stanton attributed the firm's hard times to Bell's inexperience rather than malicious intent. While Bell is working on a plan to save the company, Stanton said, "This estate has turned out to be a disaster. It is all very regrettable."











