Heartbroken by Divorce, Man Burns Family Assets

Yahoo! ^ | January 23, 2003 | Reuters

[Damocles]

Heartbroken by Divorce, Man Burns Family Assets

Thu Jan 23,10:05 AM ET

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STOCKHOLM (Reuters) - A Swedish man, desolate after his wife filed for divorce, converted the family's shares and mutual funds into cash and burned the money -- $81,300, a newspaper reported Thursday.

"Bitterness is not uncommon in connection with divorces but it is almost unique that one of the spouses puts fire to all their wealth," Bengt Svensson, public prosecutor in the town of Jonkoping in southern Sweden, told the daily Aftonbladet.

 

 

[Damocles]

You want half of WHAT!!???

[AppyPappy]

Did he burn the family jewels too?

[AppyPappy]

Note: He still owes it. But if he had gambled it away, he would clear. I know someone who did that.

[sonserae]

Now that was really stupid.

[Puppage]

converted the family's shares and mutual funds into cash and burned the money -- $81,300

Oh, thay's okay....it's Sweden. Those that are working will just have the remaining 4% of their pay taken out to pay for idiot people. Not to worry. Yump'n Yiminy

[Chad Fairbanks]

They actually let you get away with it, by gambling it away? Cool!

[xrp]

I'd probably burn everything I had, too and say "good luck collecting" to the courts and the ex-wife.

[AppyPappy]

This guy's wife went to the best divorce lawyer in town and ended up leaving her husband for the lawyer. The guy knew he was screwed. So he cashed in everything and "lost" it in Las Vegas. That's what he told her anyway.

[Chad Fairbanks]

Hmmm... I'm thinking there is a business opportunity here... run a few print and radio ads - "Divorced? Don't want the money-grubbing b***h to get her hands on yoru hard-earned wealth? Let us help you. Here at Chad's Asset Destruction Service, we ensure there is NOTHING left to take. Why do it yourself, and take the chance of screwing u, when you can have professional assistance. For more information, dial 1-800-TAKE-THAT, orgo online to www.burnbabyburn.com"

[Kevin Curry]

Because the prior existence of the shares can be proved, and the cash into which the shares were converted was never spent or otherwise transferred to a third party but simply burnt up, my guess is that a court could find a way to "recreate" the cash and award it to the fool's wife--at least her share.

[B4Ranch]

Burn $100 of $1 bills and say they were $100's. I don't the the Treasury would go for that.