Family Law

Madoff victim attempts to set aside divorce settlement

By Robert M. Kisselburgh, Esq.

Madoff fraud victim sought to set aside divorce settlement

A lawyer who divorced in 2006 and paid his ex-wife $2.7 million of value of his account with Bernard Madoff attempted to set aside the settlement after he realized he lost all the money in the Madoff Ponzi scheme. The attorney argued his ex-wife was unjustly enriched given he never had that money; however, the State Supreme Court in Mahattan disagreed. The article reported there were probably a number of divorces in New York where property settlements were made and the money actually did not exist.

Reported by: Robert M. Kisselburgh, Mississippi Divorce Attorney

Full post as published by Mississippi Family Law Blog on December 24, 2009 (boomark / email).