The warning signs of financial fraud

On behalf of Furr & Cohen, P.A. posted in Divorce on Friday, October 16, 2015.

Couples divorce for a variety of reasons, and it’s common for there to be a combination of factors that lead up to the end of the relationship. It’s also possible, however, to begin a divorce for one set of reasons and then find out through the financial discovery process that your ex has been committing financial fraud. Understandably, this often comes as a big shock. It can also have significant implications on your divorce.

There are several warnings signs that can indicate an increased likelihood of financial fraud being an issue in your marriage and divorce. Some of these include changes such as your spouse usually confiding in you about financial matters but then suddenly becoming more withdrawn and hesitant to broach those topics as well as funds missing that cannot be accounted for and a general feeling of secrecy or hiding something.

It’s important to make a distinction, however, between objective evidence and your feelings. While intuition can be a valuable tool, it is not admissible in court. Divorce has a way of bringing out the worst in people, and it’s very normal for couples to suddenly feel very mistrustful of each other and second guess everything the other person is doing.

It is in these situations that a family law attorney can be especially helpful. They have the experience necessary to help you understand what is just a bad feeling and what may actually be reason to dig further into the issues to see if there is something else going on. Full financial disclosure is part of the divorce process, and any discrepancies will need to be dealt with as they come to light.

Source: Huffington Post, “Financial Fraud and Divorce,” Peggy L. Tracy,, Oct. 02, 2015