NEWARK, NEW JERSEY
Three years ago Paul Kerovian lost it all. He had invested heavily in the "dot com" boom around the turn of the century only to watch his investments crumble one by one. Finally, in 2004, his portfolio hit rock bottom leaving him $39.8 million dollars in debt, jobless, homeless and virtually friendless, that is until help came.
As it turns out Kerovian's older brother, Donald, had invested his own money elsewhere, focusing on more stable technology stocks. As a result Donald Kerovian had amassed a fortune of some $2.5 billion dollars in net worth. Taking pity on his younger brother's plight, Donald Kerovian paid off his debt in full. Paul Kerovian was then totally free of his obligations to his creditors, yet one problem remained - he did not believe that his older brother had paid his debt, and now, because of that, he faces prison time.
"When I heard about the trouble that Paul was in I immediately contacted his creditors and settled his accounts" said Donald Kerovian. "He's totally square with the banks now. He owes nothing."
But despite the evidence, Paul Kerovian still refuses to believe that his brother has freely paid for all his debts. And now the various financial institutions that he was once indebted to are pursuing legal action against him for not paying them back.
"On paper Mr. Kerovian has no debt with us" said William Purcell, President of Purcell Trust and Lending. "Mr. Kerovian's brother paid off all of his debts in full. So he owes us nothing. But we recently found out that Mr. Kerovian has not accepted this fact and therefore still lives under the belief that his debt is not paid. Therefore, because of his unbelief we intend to press full charges to have him punished for his criminal negligence in not paying us back."
Other creditors of Paul Kerovian have expressed similar sentiments regarding his situation indicating that since Mr. Kerovian has not accepted that his debt has been paid then he must still be punished for his debt.
"We've tried to tell Mr. Kerovian that his brother has paid for all his debts" said Purcell. "But he fails to freely accept this. So he must suffer the penalty of the law. Even though his brother has paid for everything it doesn't count unless he accepts it personally. Even though he has no debt he must be punished still."