Ex-husband claims wife hid $1 million in assets during divorce

When going through a divorce in Missouri, it is not only unethical, but it is also illegal to hide assets. And while most would like to think this is not something they would even need to worry about, the truth is that during divorce — particularly in high-asset divorces — it is more common than one would think.

Right now, wealthy hedge-fund boss, Daniel Shak is claiming his ex-wife, who is professional poker player Beth Shak, hid roughly 1,200 pairs of designer shoes from him in their divorce three years ago. He estimates her shoe collection, which includes 700 pairs of Christian Louboutin, is worth around $1 million. He claims he is entitled to 35 percent of the collection’s worth.

However, Beth Shak is not admitting to purposely hiding these shoes during the divorce.

“I’m shaking my head over this whole thing,” she said. “He is saying he didn’t know the closet in our master bedroom existed.”

In his lawsuit, Daniel Shak claims he did not know about the shoe collection until the summer of 2011. During their marriage, he reportedly trusted her and was not searching the couple’s home for a “secret room,” where these shoes were supposedly hidden.

Of course, most Missouri readers learning of this story probably do not have hundreds of thousands of dollars worth of shoes. But, the idea behind the fact that Daniel Shak is claiming to have not known about this asset during the divorce is something that could end up happening to anyone, especially when talking about a high net worth divorce.

Fortunately, attorneys who have experience with hidden assets can help find those hidden assets, or on the other hand, exonerate those who are falsely accused of hiding assets.

Source: New York Post, “Hedgie sues poker pro ex-wife over her 1,200-pair designer shoe collection,” Lorena Mongelli and Todd Venezia, June 23, 2012

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