Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Saturday, October 10, 2015
Spurned Socialite To Judge: My Ex-Hubby's Stiffing Me Out Of My Divorce Settlement, So Slap A Lien On His $12.7M NYC Condo So I Can Unload It & Give Him & His New Wife The Boot
In New York City, the New York Post reports:
A socialite involved in a bitter split with her playboy former husband is asking a Manhattan judge to award her the $12.7 million pied-à-terre he now shares with his second wife — a much younger, shapely blonde named Inga.
Ashley Kozel’s scorched-earth divorce case against her former spouse, ex-Gulf Keystone Petroleum CEO Todd Kozel, revealed that he entertained clients at strip clubs and that he showered $10,000 worth of Prada and Versace on a Lithuanian mistress during their marriage.
But when it comes to giving money to his ex, Todd has used every trick in his accountant’s book to avoid paying her $38 million settlement, according to Ashley’s new Manhattan Supreme Court lawsuit.
Todd, a University of London grad who founded Texas Keystone and the Falcon Drilling Company, “uses a sophisticated chain of offshore entities to shield his assets from the reach of creditors, such as his former wife,” the suit says.
The Florida court where Ashley, 47, sued Todd, 48, for divorce after 18 years of a marriage has previously issued an asset injunction against the oil titan.
The judge found that Todd “attempted to make transfers of well in excess of $100 million in marital assets to undermine the judgment and authority of the Florida Court,” according to the Manhattan filings.
So now Ashley’s going after a harder-to-move asset — a 3,800-square-foot condo in Chelsea’s Walker Tower.
Her suit says Todd and current wife Inga, a 29-year-old with model looks, use the $14.7 million apartment even though he claims to live in Lithuania — out of the reach of US courts.
“If he wants to write a check [to compensate Ashley for the pad], then I don’t need to have the apartment sold,” said Ashley’s lawyer, Stephen Meister.
“If he doesn’t, I’m going to sell the apartment,” Meister warned.
Ashley’s suit asks the judge to place a lien on the apartment, which is owned by an LLC controlled by Todd. The spurned spouse also wants to prevent her ex from removing or selling any of the furnishings inside the 14th-floor unit.
During Todd’s deposition, he admitted to plunking down $10,320 on designer duds for his girlfriend during just one month in 2007. He also copped to paying a $5,100 strip-club tab, explaining, “When we do it, we take a lot of people and do it properly,” according to an article by the UK-based Independent newspaper.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
Land Contract/Contract For Deed/Rent-To-Own Rackets
The New York Times: The Housing Trap (In the wake of the housing crisis, low-income families have turned to seller financing to buy homes but these deals can be a money trap)
Beware The Fine Print: Consumers Forced To Sign Away Their Rights To Use Court System
The NY Times: Arbitration Everywhere, Stacking the Deck of Justice(Part 1 in series examining how clauses buried in tens of millions of contracts have deprived Americans of one of their most fundamental constitutional rights: their day in court)
Foreclosure Mills' Abysmal Record In Complying With New NYS Foreclosure Requirements
Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners
MFY Legal Services Report On Questionable Practices By Process Servers In Debt Collection Cases
Justice Disserved: A Preliminary Analysis of the Exceptionally
Low Appearance Rate by Defendants in Lawsuits Filed in the Civil Court of the City of New York
Mortgage Mess Redux: Robo-Signers Return (A Reuters investigation finds that many banks are still employing the controversial foreclosure practices that sparked a major outcry last year)
CNN Video: As Foreclosures Mount, Florida Court Turns To 'Rocket Docket'
The Wall Street Journal: A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases (2 Questions, 15 Seconds, 45 Days to Get Out; 'What's to Talk About?' Says a Judge)
"Produce The Note" Strategy When Dealing With Missing Promissory Notes In Foreclosure Actions
ABC Video: Fighting Against Foreclosure (Some homeowners have found a new tactic to keep the banks at bay)
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