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Identity of Edwards Home's Buyers Veiled: Assisted-Living Magnates in SEC Probe Paid Candidate $5.2 Million

Date: January 19, 2007
Authors: John Solomon and Lois Romano
QUOTE: ...John Edwards finally succeeded last month in selling his imposing Georgetown mansion for $5.2 million....the buyers were Paul and Terry Klaassen, according to several sources...The wealthy founders of the nation's largest assisted-living housing chain for seniors, the Klaassens are currently cooperating with a government inquiry in connection with accounting practices and stock options exercised by them and other company insiders. They are also the focus of legal complaints by some of the same labor unions whose support Edwards has been assiduously courting for his presidential bid.

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