Boston.com / News / Local / Foundation chief agrees to repay over $4m: "Foundation chief agrees to repay over $4m
Papers show Cabot spent funds on self
By Walter V. Robinson and Michael Rezendes, Globe Staff | December 16, 2004
In a rare public embarrassment for one of New England's oldest families, Paul C. Cabot Jr. of Needham has agreed to pay back more than $4 million to a family charitable foundation that he drained over several years to support a lifestyle that included a palatial family compound in Boca Grande, Fla., and a lavish wedding for one of his daughters."
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