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Friday

With prison release, a foreclosure

Former Universal Express CEO Richard Altomare was released from federal prison, but he may not have a luxury condo to live in much longer.

Altomare and his wife, Barbara Altomare, are facing a foreclosure lawsuit on their Highland Beach condo over a $2 million mortgage.

Altomare - who ranked No. 14 on the Business Journal's list of highest-paid CEOs, with about $2 million in compensation at the Boca Raton-based company in 2007 - hasn't broken bread in that condo for several months. He had been housed in a New York City federal prison since May 3.

New York federal Judge Gerard Lynch had ordered Altomare jailed until he paid a $1.7 million judgment disgorgement to the SEC or proved that he could not afford to pay.
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