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In response to courtroom paperwork, the trustee is six months into her administration of the property and is “starting to unravel the quite a few transactions, which can be avoidable and recoverable for the advantage of the collectors. Among the many attainable property to be recovered are the hundreds of thousands of {dollars} of settlement proceeds, which the Debtor could have transferred to Erika.”
As a result of mounting authorized issues, the trustee’s particular litigation counsel “is worried that absent the investigation occurring quickly, Erika could additional dissipate the Debtor’s property. The need to hint her cash and examine the receipt of funds, her purchases together with the bling and the glam, (diamonds and excessive expenditures of magnificence upkeep, and so on.) has change into extra heightened by these latest occasions.”
Again in November 2020, Erika, 49, filed for divorce from Tom, 82, after 21 years of marriage. The breakup is presently being played out on the brand new season of Real Housewives of Beverly Hills.
Following the divorce submitting, Tom has discovered himself concerned in a number of lawsuits together with a civil suit in which the legal professional is accused of fraud and embezzling cash from a Boeing 737 airplane crash settlement fund. Erika was named as a defendant within the grievance as a result of the plaintiff agency Edelson PC alleges Tom was motivated to embezzle the cash “so as to proceed funding his and Erika’s lavish Beverly Hills lifestyles.”