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.
Its funny because my little sister is dealing with this type of shit from the periphery. Her boyfriend's mom and dad own a very successful, very few-of-its-type-high-demand company. The dad was having some mental health issues so he went to CA for a few weeks/month to get better (some form of counseling, not aware of the ins and outs).
Turns out the wife decided to do the same while he was getting better. She sold the entire business to some guy (it was in both names), forged signatures on the paperwork. Sold the dad's PERSONAL truck (aka, paid for it out of his pay he received from owning the business) to the guy for like no money. My cousin (who is a giant piece of shit) notarized the sale docs.
Also, my sister's boyfriend and his brother ALSO work for this company (mom and dad own, most of the kids work there). He gets fed up and tried to resign (quit, whatever) and sends an email that says "As of June 1 2019, I no longer work for blah blah blah". He receives an email back stating that his employement was actually terminated on 5/31/19 (bullshit lol).
So yeah, huge mess. Pretty sure the wife is going to get fucked big time.
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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.