[longtermmemmory]

real estate law is not securities law.

There has to be more to this story. Who valued the assets? Who did the due dilligence?

In divorce settlements, concealing assets is a major no no. In fact passing a questionable asset as worth more is a super major no no. Perhaps he should be looking to the liability insurance of the divorce lawyers.

(remember the wife who divorced her husband but did not disclose she had a winning lottery ticket? She did not “lie” but the judge still awared the husband a 80-90% split over a year later when the husband found out and went back to court)

[Liz]

There has to be more to this story. Who valued the assets? Who did the due dilligence? In divorce settlements, concealing assets is a major no-no. In fact passing a questionable asset as worth more is a super major no-no.

There have also been cases where a couple goes through a "divorce," splits assets----in a ruse to evade taxes. The now-richer couple continues to live together.