Real-estate magnate and embattled WorldCom director Francesco Galesi has slashed $7 million off the asking price of his 55,000-square-foot Southampton waterfront castle, Elysium. Mr. Galesi-who now finds himself a principal defendant in a gaggle of class-action lawsuits filed against the nation’s second-largest long-distance company-recently lowered the price of his Gothic mansion from $37 million to Read More
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