Menendez brothers eyed $20M insurance payout after parents' murders, Jose's ex-business partner claims
Peter M. Hoffman, former CEO of Carolco Pictures, claims Lyle Menendez asked about a $20 million life‑insurance payout after the 1989 murders of their parents. Hoffman recounts hiring Jose Menendez in 1986 and working with him until the younger brother’s death, while noting his own conviction for a film‑tax fraud scheme. The article also notes that both Lyle and Erik Menendez remain in prison, with recent parole applications denied.
- ▪Hoffman says Lyle Menendez inquired about a $20 million death‑benefit insurance policy following the parents' murders.
- ▪Hoffman hired Jose Menendez at Carolco Pictures in 1986 and worked with him until Jose was killed in 1991.
- ▪Hoffman previously served a federal prison sentence for a Louisiana film tax credit fraud case and continues to assert his innocence.
- ▪Both Lyle and Erik Menendez remain incarcerated at the Richard J. Donovan Correctional Facility, and recent parole bids have been rejected.
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The Menendez Brothers Menendez brothers eyed $20M insurance payout after parents' murders, Jose's ex-business partner claims Peter M. Hoffman, who hired Jose Menendez at Carolco Pictures, says he felt 'a cold chill' when Lyle Menendez asked about the death benefit By Stephanie Nolasco Fox News Published June 13, 2026 7:00am EDT Facebook Twitter Threads Flipboard Comments Print Email Add Fox News on Google close Video Second Menendez brother denied parole Fox News contributor Paul Mauro joins ‘Fox & Friends Weekend’ to break down parole boards’ decisions to deny both Menendez brothers’ bids for release and share new details on the investigation into the Idaho college murderer Bryan Kohberger.
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