Husband earning millions, suddenly found himself poor … when it came to divorce. As it turned out, the husband tried to hide significant amounts of cryptocurrencies from his partner. But they got in.
In the months leading up to her divorce, Sarita became more and more suspicious. Her husband made over $3 million a year for many years. However, when it came to the division of property, he was extremely poor. It turned out that the man tried to deceive her.
Husband hid his fortune in cryptocurrencies
A resident of New York, in the process of collecting evidence in a divorce case that lasted more than six months, did not know what to do for a long time, until she finally hired “cryptocurrency detectives”. Experts who specialize in proving accounting crimes quickly found interesting clues.
As it turned out, the husband exchanged most of his savings for cryptocurrencies, and then tried to hide them by making a number of different transactions. In the end, detectives traced 12 bitcoin tokens worth more than half a million dollars. They were in a cryptocurrency wallet, which the man did not tell his wife’s lawyers about.
– I know that there are such things as bitcoin and other similar tokens, but I have little knowledge about digital currencies. It never crossed my mind because we never talked about this type of investment in a relationship,” admitted Sarita.
Divorce Fraud – Cryptocurrencies Are Surprisingly Popular
As journalists found out, cryptocurrencies are becoming an increasingly popular method of hiding the real amount of assets and personal savings among feuding spouses. Unfortunately, the law seems to be lagging behind new technologies.
This is confirmed by both lawyers and experts specializing in tracking crimes using digital currencies. Florida-based divorce lawyer Kim Nutter mentions that he has been adding questions about cryptocurrencies to standard financial document requests for some time now.
According to the latest data, one in five Americans have already invested in digital currencies. It is still the most popular among young men, but the age group is expanding upwards to include people aged 18 to 49.
Source: Wprost
I am George Brown, author at Daily News Hack. I mostly cover economy news and I have been doing this for quite some time now. I have a lot of experience in this field and I’m always looking for new opportunities to learn more.
