Millionaire lawyer wants divorce do-over Five years after his divorce

Millionaire lawyer wants divorce do-over Five years after his divorce, Steven Simkin cries foul when a scandal wrecks his net worth. Steven Simkin is a partner at Paul, Weiss, Rifkind, Wharton and Garrison, a tony New York City law firm where partners made around $3 million each last year. He owns a $4.1 million home in leafy Westchester County. When he and his wife divorced in 2006 after 33 years of marriage, they had total assets worth $13.2 million. So Simkin (pictured) is doing OK for himself. But perhaps not OK enough: He now wants a do-over on that divorce settlement, after being taken in by Bernie Madoff's massive fraud. Claiming "extreme hardship" and that he has been "gravely damaged" by the Madoff scam, Simkin is suing his ex-wife. Before the divorce, he and his then-wife, Laura Blank, had $5.4 million in a Madoff account, under his name. In the settlement, Simkin withdrew some of the Madoff money and put it toward a $6.6 million cash payment--half the value of the couple's total assets--to Blank. He continued to invest with Madoff after the divorce; his ex did not. When Madoff's operation was revealed to be a Ponzi scheme in December 2008, Simkin's investments went up in smoke. So Simkin is suing Blank, claiming that both of them were mistaken about the value of their assets at the time of the divorce, because the Madoff investments were part of a Ponzi scheme, and therefore didn't in fact exist. As a result, Simkin's lawyers argue, Blank should be forced to ...



http://www.youtube.com/watch?v=NJ25B4_gMPU&hl=en

Recommend : cheap lg lcd tv review