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April 8, 2006

Multi-Millionaire Put on Probation - for Prolonged Failure to Pay Child Support

Posted by Filed under Child Support.

From an article in the Seattle Times.

He’s not the ordinary (alleged) deadbeat non-custodial parent.

In the 1980s, he made millions in biotech.

In 1988, when he married, his prenup generously promised 70% of the couple’s community property to his bride.

In 1996, when they divorced, both alimony and child support obligations were substantial.

But a court later upped the amounts - because it ruled that he had previously hidden assets.

He reportedly stopped paying support for his three children around 2002 / 2003. The arrears allegedly eventually climbed to $165,000.

His defenses were:

  1. he went bankrupt in 2002 and
  2. he was afflicted by mental illness in 2003

He was convicted of willful failure to pay child support.

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