Ex sues former wife over hidden Twitter stock

[Hum]

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

[DocM]

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

[The Evil Overlord]

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)

[Hum]

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

[wahoospa]

Wonder who the papa of the kids are?

[User6060]

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 

[seta-san]

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.

[Sandor]

KA-CHING

 

or something

[DocM]

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.

[Growled Member]

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

 

Yep. Deserving so, too.