Divorce's new weapon

[linelec]

Separating spouses using Bitcoin to hide wealth from estranged partners during court battles



http://www.dailymail.co.uk/news/article-2646995/Divorcing-spouses-use-Bitcoin-hide-wealth-estranged-partners-court-battles.html

[hilariousandco]

Yeah, but do could a stash of cash under your bed too if your wife doesn't know about it  .

"A number of forums devoted to Bitcoin have been filled with husbands discussing the option of using digital currencies, a London divorce lawyer has claimed."

There's been a few discussions about it on here too.

[bitgeek]

Yup, if you suspect a divorce is in the air just cash out all you can and move it. That's of course if she was a total bitch, I don't think I'd want my wife to go with empty pockets after years of marriage.

[hilariousandco]

I'm sure you'll change your tune if you were in that situation. Divorces can get pretty messy/bitter very quick.

[Este Nuno]

This is a bit silly considering anyone with access to money can put it anywhere. Gold, silver, cash ect.

It also doesn't mean that you still won't owe your ex-spouse the money from the judgement. I don't really see how bitcoin changes much is that regard.

What would be funny is lots of family law firms accepting bitcoin payments.

[Bitcoin Magazine]

i don't think i could trust ANYONE with my bitcoin.  even my spouse (electric).  she ain't ever gonna leave.   

[TaunSew]

Bank records and they'll throw you in prison.

Coin ATMs only take like $3K a month.  So this story is likely bullchit

[hilariousandco]

Bank records? If you take a bit out over time and put it in bitcoins nobody will know if you're smart about it. And ATMs are not the only place to buy coins.

And Bitcoin works in the respect that you can keep the money safe and anonymous. There's no IRS audit nor can anyone sieze the funds by force.

[Kashim]

Bank records? If you take a bit out over time and put it in bitcoins nobody will know if you're smart about it. And ATMs are not the only place to buy coins.

And Bitcoin works in the respect that you can keep the money safe and anonymous. There's no IRS audit nor can anyone sieze the funds by force.

thats true

[kgo]

Davincij15 took it a step further and fled the country with his bitcoin...

https://www.youtube.com/watch?v=4Mr_vu4qFD0

[DobZombie]

"A number of forums devoted to Bitcoin have been filled with husbands discussing the option of using digital currencies, a London divorce lawyer has claimed."

I've been on here for over 2 years and this is the first topic I've seen on this?

Daily Mail, lol

[blatchcorn]

Perhaps if the legal system was fair this would not need to happen

[hilariousandco]

"A number of forums devoted to Bitcoin have been filled with husbands discussing the option of using digital currencies, a London divorce lawyer has claimed."

I've been on here for over 2 years and this is the first topic I've seen on this?

Daily Mail, lol

Lurk more haha. There's only been a couple. I probably couldn't find them on a search but there was one in off-topic 2-3 months ago or so.

[hellscabane]

Bank records? If you take a bit out over time and put it in bitcoins nobody will know if you're smart about it. And ATMs are not the only place to buy coins.

And Bitcoin works in the respect that you can keep the money safe and anonymous. There's no IRS audit nor can anyone sieze the funds by force.

But a lot of the time, relationships deteriorate very quickly; so it's hard to slowly siphon away money. And the more money that is moved quickly, the harder it can be to obfuscate all those tracks. Also, the amount owed is not necessarily based on traceable assets but also by income (and sometimes by backlogged income) which adds to the trickiness.

Anyhow, the quick and easy solution naturally is to just get a pre-nup.

[Ron~Popeil]

This isn't unique to bit coin. People hide assets in divorces all the time. Yet another clueless writer trying to point out problems that have nothing to do with bit coin.

[Mowcore]

It's a nice change reading the comments, men praising bitcoin for this (rather than the usual PONZI SCAM bs). haha.

[Pushtheghost]

Anyone else noticing a global crack down on so called shadow banking and anti laundering bills lately?
Seems like they are waking up to the potential threats of bitcoin.

[hilariousandco]

Bank records? If you take a bit out over time and put it in bitcoins nobody will know if you're smart about it. And ATMs are not the only place to buy coins.

And Bitcoin works in the respect that you can keep the money safe and anonymous. There's no IRS audit nor can anyone sieze the funds by force.

But a lot of the time, relationships deteriorate very quickly; so it's hard to slowly siphon away money. And the more money that is moved quickly, the harder it can be to obfuscate all those tracks. Also, the amount owed is not necessarily based on traceable assets but also by income (and sometimes by backlogged income) which adds to the trickiness.

Anyhow, the quick and easy solution naturally is to just get a pre-nup.

That's true, but an even quicker/easier solution would be to not get married in the first place. Or organise the wedding yourself and use a fake priest and not tell your wife so you're never actually legally married. You can legally change her name the regular way and she'll never know until she wants a divorce, and then you can smugly say "We don't need one. See you later, bitch"  .

Anyone else noticing a global crack down on so called shadow banking and anti laundering bills lately?
Seems like they are waking up to the potential threats of bitcoin.

They need to fearmonger to scare people into paying their taxes. It's easy to get away with paying them if you're smart about it really. If there was no fear most people just wouldn't pay them.

[keithers]

This is a bit silly considering anyone with access to money can put it anywhere. Gold, silver, cash ect.

It also doesn't mean that you still won't owe your ex-spouse the money from the judgement. I don't really see how bitcoin changes much is that regard.

What would be funny is lots of family law firms accepting bitcoin payments.

Exactly...if all your liquid assets quickly vanish in the midst of a divorce, you would get slapped with a judgement, and your wages would be garnished.   You would end up having to pay it back anyways, unless you plan on never working another W2 job in your life...

[Este Nuno]

This is a bit silly considering anyone with access to money can put it anywhere. Gold, silver, cash ect.

It also doesn't mean that you still won't owe your ex-spouse the money from the judgement. I don't really see how bitcoin changes much is that regard.

What would be funny is lots of family law firms accepting bitcoin payments.

Exactly...if all your liquid assets quickly vanish in the midst of a divorce, you would get slapped with a judgement, and your wages would be garnished.   You would end up having to pay it back anyways, unless you plan on never working another W2 job in your life...

Yeah, you would need to have assets completely hidden from the start. Where you're the only one who knows about them. I guess with some foresight and planning you could do this with bitcoin. But most people don't go in to a marriage hiding a large amount of their wealth from their spouse. You could have a swiss bank account or gold just as easily. But maybe bitcoin has an edge in this regard since you can just keep a paper wallet and no one would be the wiser.