Post
Topic
Board Legal
Re: My buddy is getting a divorce. Can the court seize half of his bitcoins?
by
TheFootMan
on 24/06/2014, 14:40:06 UTC
Casinos easily track their patrons and how much they are up/down 

They do? And isn't there a hostload of illegal joints, bookies and dealers where there are no receipts and/or control?

How about: I took all the money out in cash, because I'd rather gamble it away than let that bitch get it, then I went to Las Vegas, and I lost some 10K at Casino Royale (provable), then I went for a drink in a bar, where I met a gentleman who invited me to a private high stakes texas holdem party, and I got really drunk and lost the whole lot.

How could it be proved that the cash still exists? Would the judge rule that the man has to pay half of what he had prior to the trip? What would the difference be in reality whether a business slowly drained money away or if you lost it all in a moment of foolishness? The end reality would be that it was all lost permanently.

Perhaps the phrase 'I'd rather gamble it away than give it to the ex-wife' wouldn't go well with the court, but I can think of a number of other scenarios where a man could "reduce" his net worth without the money being lost forever.

I would think such cases could be really hard to investigate. Don't you need very hard proof the money still exists?