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LOS ANGELES (AP) - The chief executive of the multibillion-dollar J. Paul Getty Trust resigned Thursday in the wake of reports of purported lavish spending.
Barry Munitz, who was president and CEO for eight years, will pay the trust $250,000 "without admitting any wrongdoing," Getty spokesman Ron Hartwig said in a statement.
The payment would "resolve any continuing disputes" between Munitz and the trust, it said. Hartwig declined to comment further to The Associated Press.
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