Divorce as Business News?
Nov 19th, 2009 by admin
Here is a story that’s showing up a few places, including this story on ConnPost.com. The headline? “Govt may get billions under Forbes’ divorce decree”.
It’s rare that divorce is business news!
Apparently, a Connecticut court has ordered Walter Forbes’ ex-wife to transfer ownership of two homes, as well as half their jewelry and art, back to Forbes. Because of securities fraud that Forbes committed, he owes the Federal government and his former company $3.3 billion. Now that the court has ordered that the wife transfer back some of what she received, the Feds and Cendant Corporation can attach liens to start recovering a portion of what they’re owed. It’s a start, I suppose, although $3.3 billion is a lot of money…