In Alexandra Wolfe's New York Observer profile of 'It Kid' Fabian Basabe yesterday, a source describes him as the "son of a South American telecom mogul or something." Ms. Wolfe does mention his father's bankruptcy proceedings in Florida. But also, there's the bank foreclosure on the family condo in Miami — the opinion on the condo's appeal was filed just in October.
Harbor Bay Condominiums vs. Fabian Basabe & May Basabe [Google cache