Billionaire university benefactor 'hired a hit man to kill his eldest son after he was kicked out of the family's investment company'
- Robert Foisie, 81, allegedly placed a hit on his eldest son after becoming angry that he had been removed from a managing position with a family company
- He is being investigated by the FBI and the IRS in addition to the shocking claims
- Robert gave Worcester Polytechnic Institute $40million in 2014
- His ex-wife Janet Foisie is filing a lawsuit against his alma mater
- Janet claims $4.5million of that was hidden from her during their divorce
Robert Foisie, 82, reportedly paid a Boston man a $200,00 'down payment' to kill, or find someone to kill his son Michael, after the children chose to remove Robert from the managing position of a family investment company
A billionaire businessman who was previously sued by his ex-wife over a multi-million dollar donation to his alma mater is now being accused of putting a hit on his eldest son following a family dispute.
Robert Foisie, 82, reportedly paid a Boston man a $200,000 'down payment' to kill, or find someone to kill his son Michael, after the children chose to remove Robert from the managing position of a family investment company.
His son and daughter have filed a suit that has reached Nevada's highest court, and details have emerged about a number of other suits against the billionaire benefactor for Worchester Polytechnic University.
It has been revealed that Robert Foisie faces multiple lawsuits in Massachusetts, Connecticut, and Nevada, according to the Boston Globe.
His son Michael has reportedly 'feared for his own life' since learning of his father's alleged actions.
According to court documents, Robert bribed a Florida man named James Balzotti to murder his son, and gave him 'written instructions' as to Michael's whereabouts.
Balzotti then confided in his business partner Robert Casale about the proposition, who then reportedly convinced him not to go through with the murder. Casale later told the Foisie family about the father's alleged plan, feeling he had a 'moral obligation to do so,' legal documents say.
According to court documents, Robert bribed a Florida man named James Balzotti to murder his son, and gave him 'written instructions' as to Michael's whereabouts
Balzotti then confided in his business partner Robert Casale about the proposition, who then reportedly convinced him not to go through with the murder
Robert Foisie is also reportedly being investigated by the FBI for wire fraud, and is negotiating with the IRS over claims of tax evasion.
He also allegedly stashed millions overseas to prevent his ex-wife from getting too much money in their divorce settlement.
In 2014, he donated a record $40million to the university, where he graduated in 1956. Over his lifetime, he's contributed $63million to the school.
The university is now constructing a $49 million building with his donation: The Foisie Innovation Studio. Their business school is also named after him and there is a scholarship fund in his honor.
In 2014, he donated a record $40million to Worcester Polytechnic Institute, where he graduated in 1956. Over his lifetime, he's contributed $63million to the school
His ex-wife Janet Foisie said in a federal lawsuit filed in March against Worcester Polytechnic Institute that her ex-husband concealed $4.5million from her during divorce proceedings in 2011 and then gave that money to WPI
His ex-wife Janet Foisie said in a federal lawsuit filed in March against Worcester Polytechnic Institute that her ex-husband concealed $4.5million from her during divorce proceedings in 2011 and then gave that money to WPI.
Her ex-husband is not named as a defendant in the lawsuit. However, Ms Foisie believes her husband hid the $4million she is seeking in a 'Valduz Trust' at a Swiss bank during the time of their split, according to the Telegram.
As a condition of the divorce in 2010, both parties were required to divulge all of their assets. They had reportedly been married since 1960.
According to a copy of their settlement, both were set to receive $20million from securities and divided ownership of their homes.
On Friday, WPI president Laurie Leshin addressed the legal suits, saying: 'Upcoming news reports may focus on personal disputes involving the Foisie family. We don't know whether any of the allegations are true or false, but I want to assure you that we are taking the situation seriously.'
As a condition of the divorce in 2010, both parties were required to divulge all of their assets. They had reportedly been married since 1960
'While other universities and nonprofits have faced issues related to donors or major gifts, this is new territory for WPI,' she continued.
'We are following this closely and will take action, if necessary, to ensure that we are aligned with best practices.'
She added that the Foisie Innovation Studio will continue its construction.
WPI said that Mr Foisie began his career in mechanical engineering but later made millions from entrepreneurship.
The WPI President has said that the Foisie Innovation Studio will continue its construction
He reportedly owns a Swiss company that manufactures packing machines and a Connecticut based company that makes paper processing machinery.
Ms Foisie currently lives in Long Boat Key, Florida, which is located on a barrier island off the coast near Sarasota.
Worcester Polytechnic University has not yet responded to the DailyMail.com regarding the lawsuit.
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