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Thursday, December 2, 2004

She’s almost certainly going to cite Ortelere v. Teachers Retirement Board

Antoinette_millard The former investment banker who posed as a Saudi princess and Victoria’s Secret model and ran up $951,000 in debt to American Express has countersued the credit card company.  "Princess" Antoinette Millard (the one in the middle, at left) claims she was mentally incompetent when she opened her AmEx account, and says that the company "should have known she was acting impulsively and irrationally" because of "anorexia, depression, panic attacks, [and] head tumors."

Millard, who used the credit to live a lavish New York society lifestyle (for a while, anyway) is now free on bail after having been jailed for an attempted insurance fraud. AmEx sued her for the amount she owes; Millard is claiming $2 million in damages from the company for letting her get into such difficulties and for lying about how "flexible" the repayment terms would be.

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