Jump to content



Photo

Ex sues former wife over hidden Twitter stock

new york internet first-round investor millions linkedin fraud

  • Please log in to reply
9 replies to this topic

#1 Hum

Hum

    totally wAcKed

  • 62,644 posts
  • Joined: 05-October 03
  • Location: Odder Space
  • OS: Windows XP, 7

Posted 28 November 2013 - 13:21

So you're at home in New York City watching the twins while your wife is visiting her brother in San Francisco. Six months later, you get divorced.

You're making $43,000 a year when you split, and part of that goes to child support.

A few years later, you're poking around the internet when you hop on your now ex-wife's LinkedIn page and, to your surprise, it says she's a first-round investor in Twitter, which made millionaires out of a lot of people when it went public on Nov. 7.

Huh? When did she invest in Twitter?

Meet Stuart Strumwasser. According to the New York Post, he's suing his ex-wife, Jennifer Johnson, claiming she secretly invested between $10,000 and $50,000 in the social media giant, an investment that's now worth millions.

From The Post:

    "Johnson secretly went to San Francisco to meet with her first ex-husband," Strumwasser’s Manhattan Supreme Court suit alleges.

    "She also met with one or more of the founders of Twitter," according to court papers.

    Johnson's first husband, Gregg Kidd, was a former colleague of Twitter co-founder Jack Dorsey.

    Meanwhile, Strumwasser, who lives in Carroll Gardens, "was home watching their children, and the parties were acting as a 'marital team' so Johnson could make the trip."

    "Unbeknownst to Strumwasser, Johnson was holding business meetings with one or more of the creators of Twitter."

The alleged investment was never mentioned during their divorce settlement in 2007, which is about when Twitter began to gain traction. In the suit, Strumwasser, 47, claims the omission constitutes fraud, according to The Post, because the investment money should have been considered as part of their marital assets.

He claims his ex-wife's investment is now worth between $10 million and $50 million.  :huh:  He's suing for the repayment of $120,000 in child support and 30 percent of the Twitter shares.

Does Strumwasser have a case?

It depends on what kind of funds Johnson used to make the alleged purchase.

"The presumption is that any property acquired in the name of either party during the marriage and prior to the commencement of any proceeding to end the marriage is marital property subject to [equal] division and distribution."

more




#2 DocM

DocM

    Neowinian Senior

  • 17,505 posts
  • Joined: 31-July 10
  • Location: Michigan

Posted 28 November 2013 - 13:52

She hid assets during the divorce. She's probably screwed, the only question being to what degree.

#3 Aheer.R.S.

Aheer.R.S.

    I cannot Teach Him, the Boy has no Patience!

  • 11,530 posts
  • Joined: 15-October 10

Posted 28 November 2013 - 13:55

She hid assets during the divorce. She's probably screwed, the only question being to what degree.

Yup, works both ways, (And I've seen women failing to realise that, one of my nameless friend in real life's wife was talking to us about something very similar)

(she makes more money than him)



#4 OP Hum

Hum

    totally wAcKed

  • 62,644 posts
  • Joined: 05-October 03
  • Location: Odder Space
  • OS: Windows XP, 7

Posted 28 November 2013 - 23:55

Nice to see the woman getting legally 'screwed' for a change.



#5 wahoospa

wahoospa

    Neowinian

  • 822 posts
  • Joined: 05-July 07
  • Location: South Carolina

Posted 29 November 2013 - 00:09

Wonder who the papa of the kids are?



#6 Co_Co

Co_Co

    g status

  • 6,293 posts
  • Joined: 26-July 04
  • Location: Toronto, Canada

Posted 29 November 2013 - 00:20

this is pretty open and shut.

 

if the genders were reversed I'd say the outcome is all but decided and the assets would be split down the middle.... but because its a man suing I wouldn't put it past the courts to screw the man over worse than his wife did 



#7 seta-san

seta-san

    Neowinian Senior

  • 4,427 posts
  • Joined: 17-February 05

Posted 29 November 2013 - 00:27

absolutely she owes him. he's owed half the marital assets. this sort of ###### happens too often to men for even a single woman to get off.



#8 Sandor

Sandor

    Neowinian Senior

  • 3,933 posts
  • Joined: 28-November 03
  • Location: Canada
  • OS: Win 8.1
  • Phone: WP8

Posted 29 November 2013 - 00:37

KA-CHING

 

or something



#9 DocM

DocM

    Neowinian Senior

  • 17,505 posts
  • Joined: 31-July 10
  • Location: Michigan

Posted 29 November 2013 - 01:59

Not to mention, depending on the state, she could be charged with criminal fraud. A friends ex got hit with fraud when she did something similar here.

#10 Growled

Growled

    Neowinian Senior

  • 41,508 posts
  • Joined: 17-December 08
  • Location: USA

Posted 11 December 2013 - 00:31

She hid assets during the divorce. She's probably screwed, the only question being to what degree.

 

Yep. Deserving so, too.