ON
← Back to feed
United StatesCulture8 days ago

Menendez brothers eyed $20M insurance payout after parents' murders, Jose's ex-business partner claims

The article discusses the ongoing legal situation of the Menendez brothers, who were convicted of murdering their parents 30 years ago. It mentions that Jose Menendez's former business partner, Peter M. Hoffman, has written a memoir questioning the circumstances surrounding the murders. The article also notes that the Menendez brothers have recently discussed their experiences of 'bullying and trauma' in prison during a podcast interview.

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.

NEW You can now listen to Fox News articles!

Thirty years after Lyle and Erik Menendez were convicted of murdering their parents, Jose and Kitty Menendez, Jose's former business partner still questions what led to the killings.

In his new memoir, "Karmic Winds: Reflections from the 'Smartest Guy in Hollywood,'" Peter M. Hoffman recounts his rise in the entertainment industry, including his tenure as president and CEO of Carolco Pictures, the studio behind hits such as "Terminator 2: Judgment Day," "Basic Instinct" and the "Rambo" franchise.

Hoffman later served a federal prison sentence in connection with his convictions in a Louisiana film tax credit fraud case. He has continued to maintain his innocence and challenge those convictions. He was portrayed in Netflix's "Monsters: The Lyle and Erik Menendez Story."

MENENDEZ BROTHERS DISCUSS 'BULLYING AND TRAUMA' IN PRISON IN RARE PUBLIC REMARKS, NEW PODCAST INTERVIEW

From left: Erik and Lyle Menendez remain imprisoned at Richard J. Donovan Correctional Facility in San Diego County. (Ted Soqui/Sygma via Getty Images)

"To me, the devil came to Los Angeles in 1989," Hoffman told Fox News Digital. "Nobody came out unaffected by this terrible act."

Hoffman met Jose when the no-nonsense patriarch was an executive at RCA, which brought the boy band Menudo to English-speaking audiences. Years later, the group helped catapult Ricky Martin to global fame.

Menudo poses for a photo circa 1984. (Lester Cohen/Getty Images)

By the time Jose left RCA, Hoffman was running Carolco Pictures and looking for someone to lead the studio's video business. At the recommendation of entertainment attorney John Mason, he hired Jose. They worked closely together from 1986 until Jose's murder .

WATCH: Second Menendez brother denied parole

"Jose was one tough character," Hoffman admitted. "He was very focused on his Cuban ancestry, very conservative. He had bought a house in Florida and was expecting to go back to Florida and run for the Senate. He had big dreams. He wanted to make a lot of money and then have a life in politics. That was his goal."

Lyle and Erik Menendez leave a courtroom in Santa Monica on Aug. 6, 1990. (Nick Ut/AP Photo)

"He could be difficult because he had his way of doing everything, and he felt like he knew better than everybody," Hoffman shared. "It wasn’t always an easy ride. But I also had a high opinion of Jose and all his dealings. And of course, we didn’t really know about all the problems he had with his family until after the horrible murders."

Looking back, Hoffman believes there were early signs of trouble.

Jose Menendez (left) and Peter Hoffman (right) are seen here at an investor conference in 1988. (Courtesy of Peter Hoffman)

"I got a call sometime in 1988," Hoffman recalled. "It was Jose. He said, ‘I need to draw a couple of million dollars out of my deferred comp plan. I want to move from Calabasas to Beverly Hills so I can be closer to the office.’ I just said, ‘That’s all right with me.’ That’s when he bought the house on Elm Drive."

"It turned out he hadn’t been completely honest with me," said Hoffman.

Erik Menendez (center) and his brother Lyle Menendez are pictured in Beverly Hills on Aug. 12, 1991 in court. (Mike Nelson/AFP via Getty Images)

"The real reason he had to do that was that Erik and Lyle had been caught breaking into their friends’ houses and stealing things," he said. "They had been caught by the police. Jose had to pay everybody off and get the hell out of dodge."

FOLLOW THE FOX TRUE CRIME TEAM ON X

"Karmic Winds: Reflections from the 'Smartest Guy in Hollywood'" by Peter M. Hoffman will hit bookstores on (Rare Bird Books)

On Aug. 20, 1989, Jose and his wife were gunned down with shotguns inside their home. Their sons called 911 and said their parents were killed by intruders.

"I remember waking up the next morning, and I got a call," said Hoffman. "It was grotesque. You have to understand that at the time, nobody knew it was the kids. The immediate suspicion was on Mario Kassar, chairman of Carolco Pictures, and me, that we were somehow behind this. All of a sudden, the suspicion is somehow this murder is connected to those bad guys at Carolco."

Mario Kasser, managing director of Carolco Pictures, enjoys the weather on a boat in Cannes during the 43rd Film Festival. (Micheline Pelletier/Sygma via Getty Images)

In the months following the murders, Lyle and Erik Menendez were not initially considered prime suspects. Instead, speculation centered on the possibility of a mob-style hit, fueled by Jose's connections in the entertainment industry and the execution-style nature of the killings. Rumors circulated that he had made enemies through busi…

Read the full article at Fox News (US)
Source document: Carolco Pictures

1 reports

Fox News (US)IndependentCenter8 days ago
Menendez brothers eyed $20M insurance payout after parents' murders, Jose's ex-business partner claims

The article discusses the ongoing legal situation of the Menendez brothers, who were convicted of murdering their parents 30 years ago. It mentions that Jose Menendez's former business partner, Peter M. Hoffman, has written a memoir questioning the circumstances surrounding the murders. The article also notes that the Menendez brothers have recently discussed their experiences of 'bullying and trauma' in prison during a podcast interview.

Bias read (Center): The article presents factual information about the Menendez brothers' legal status and references a memoir by Jose Menendez's former business partner. It does not use loaded language, one-sided sourcing, or omission of context. The tone is neutral, focusing on reporting events and statements without clear editorializing or bias.

Official sources cited

  • organisation Carolco Pictures
  • organisation Netflix's Monsters: The Lyle and Erik Menendez Story

Go to the primary sources (2)

The official sources this coverage is built on. Read them directly to bypass framing.

  • organisationCarolco Pictures
  • organisationNetflix's Monsters: The Lyle and Erik Menendez Story