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US Fidelis mansion in Lake Saint Louis

2:06 PM, Nov 11, 2010   |    comments
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Lake Saint Louis, Mo. (KSDK) -- 14 bedrooms.  9 baths.  40,000 square feet on 12 acres.  The mansion once owned by US Fidelis co-owner Darain Atkinson is up for sale.  It can be yours for $14,900,000.

The French-style architecture resembles the famous Biltmore House in Asheville, North Carolina.  Turrets tower several stories into the sky.  Stone and wood paneling cover the walls.  Marble and hardwoods cover the floors.  A walk through the front door leads to a great room with a perfect view of the lake.

Downstairs there is a bowling alley, an unfinished movie theater, and a room the size of a middle-class family's house where an indoor pool was being built but was never finished.

A look inside the house that US Fidelis built - PHOTOS 

The mansion at 5 Lakeview Court sits quiet these days, tucked away at the end of a street in a middle class neighborhood.  With warranty company US Fidelis having filed bankruptcy earlier this year, company co-owner Darain Atkinson has moved out.  Almost all the furniture is now gone.

The house is currently the most expensive on the market in St. Louis, and is among one of the most expensive and luxurious anywhere in the metro area.   According to Realtor.com, the second-most expensive house for sale in the St. Louis area is currently in Town and Country for just under $7 million.

US Fidelis was once among the nation's top marketers of auto service contracts.  Today, the company is a shell of what it once was after weathering a storm of accusations that it used illegal telemarketing ploys and sold worthless warranties.  Federal prosecutors continue to investigate. 

Bankruptcy documents allege Darain and his brother, Cory Atkinson used company money to fund lavish lifestyles.  A proposed deal included the Atkinsons paying about $10.5 million and surrendering possibly $10 million more in assets.

Assets surrendered, which include the Lake Saint Louis mansion, would go into a fund that then could be tapped by US Fidelis creditors and customers who agree not to sue the brothers.

Just this month, US Fidelis reached a settlement with 11 states that bars it from telemarketing or selling in those states.

The settlement was announced Monday between former US Fidelis owners Darain and Cory Atkinson and attorneys general in Arkansas, Idaho, Iowa, Kansas, North Carolina, Ohio, Oregon, Pennsylvania, Texas, Washington and Wisconsin.

KSDK

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