San Francisco Developer Gregory Malin’s Lavish Lifestyle Amid Financial Woes
Gregory Malin, the CEO of Troon Pacific, has drawn attention for his extravagant lifestyle even as a court ruling orders him to compensate defrauded investors with over $50 million. In a stark contrast to his claims of financial distress, recent court documents reveal Malin’s ongoing indulgences in luxury goods and travel.
Extravagance Amid Bankruptcy Claims
Despite declaring himself broke, Malin’s credit card statements portray a picture of a high-roller lifestyle. Court filings indicate expenditures that include:
- $3,000 on cigars from California Tobacco Center
- $3,000 on meals at Zuni
- $3,700 for nightlife at the Battery club
Additionally, Malin and his partner, Elena Zorn, have traveled extensively, including two trips to Europe and three to Cabo. Notably, he spent $13,056 on two Aer Lingus tickets to Ireland for St. Patrick’s Day and incurred a $1,786 hotel fee during a stay in Austin.
Allegations of Asset Concealment
Malin’s financial behavior is under scrutiny as attorney Kyle Withers, representing the defrauded investors, asserts in court filings that Malin continues to live “high on the hog.” Withers claims Malin is attempting to avoid financial obligations by transferring assets into an irrevocable trust under his sons’ names, which allegedly includes a $15 million home, two luxury cars, and a valuable art collection.
Legal troubles have compounded for Malin, particularly with an additional lawsuit from OpenAI founder Sam Altman, who accused him of selling a defective property at 950 Lombard Street for $27 million.
From Socialite to Scrutiny
Before the pandemic, Malin was a prominent figure in high society, frequently attending elite events like ballet and symphony openings, and receiving coverage in luxury lifestyle publications such as Mansion Global and Lux Exposé.
Conclusion
The stark contrast between Gregory Malin’s ostentatious spending and his financial declarations raises questions about his financial dealings and integrity as a developer. As the legal battles unfold, observers will be watching closely to see how these issues impact his standing in the high-stakes world of luxury real estate in San Francisco.
