SLY STONE

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Housing

August 23, 2011, 1:08 pm

Everyday People: 40 Bond Foreclosure Involves Sly Stone

A posh condo at 40 Bond is cited in a $50 million lawsuit involving Sly Stone and his ex-manager, Curbed reports. The $7.5 million condo, which will be foreclosed next month, is used in court documents as an example of the former manager’s alleged mismanagement of the music legend’s assets. Mr. Stone — yes, of Family Stone fame — sued his ex-manager back in January for $50 million, charging that he had used music royalties to fund an opulent lifestyle.

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