Book recommendation: A Judge's Guide to Divorce: Uncommon Advice from the Bench
By Yasser Latif Hamdani
New York Court of Appeals has given a landmark judgment by ruling 5-2 that innocent divorcees can keep money that was gathered fraudulently by their spouses.
The judgment came in the case of Stephen Walsh and his wife, Janet Schaberg, who had split up in 2007. The financial regulators found Stephen Walsh and Paul Greenwood guilty of defrauding USD 550 million. A federal judge had frozen 7.6 million USDs of Schaberg's money.
By Yasser Latif Hamdani
New York Court of Appeals has given a landmark judgment by ruling 5-2 that innocent divorcees can keep money that was gathered fraudulently by their spouses.
The judgment came in the case of Stephen Walsh and his wife, Janet Schaberg, who had split up in 2007. The financial regulators found Stephen Walsh and Paul Greenwood guilty of defrauding USD 550 million. A federal judge had frozen 7.6 million USDs of Schaberg's money.
