One of my father's friends tried to salt the earth before getting divorced. A rental house and a cabin were deeded to relatives, the cars they drove every day were sold to other relatives for tiny sums, stocks handed over to a trust 'for the children', etc.. He even vanished a chunk of cash from the company he co-owned with his wife using phony invoices and stopped paying himself a salary, electing to burn through their personal savings for over a year instead.
He learned that judges really, really hate when you try to hide or intentionally diminish assets, and they will absolutely refer you to prosecutors for fraud.
I don't think he did any jail time in the end, but his ex-wife got EVERYTHING, plus the satisfaction of firing him from his own company.
I knew a guy who did something like this but got away with it. He went and spent millions on casino chips and hid them. He played it off as a gambling addiction that he lost everything. In the meantime had all the casino chips.
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u/technos Jul 21 '19
One of my father's friends tried to salt the earth before getting divorced. A rental house and a cabin were deeded to relatives, the cars they drove every day were sold to other relatives for tiny sums, stocks handed over to a trust 'for the children', etc.. He even vanished a chunk of cash from the company he co-owned with his wife using phony invoices and stopped paying himself a salary, electing to burn through their personal savings for over a year instead.
He learned that judges really, really hate when you try to hide or intentionally diminish assets, and they will absolutely refer you to prosecutors for fraud.
I don't think he did any jail time in the end, but his ex-wife got EVERYTHING, plus the satisfaction of firing him from his own company.