In this family law trial, the court determined issues of property ownership, equalization, and support following a 16-year marriage.
The court found that the shares of a lucrative cellular phone business were held in a bare trust equally for the applicant and respondent, but ascribed zero value to the business for equalization due to unreliable financial records.
The court ordered an equalization payment of $291,820.05 to the applicant, dismissed both parties' claims for unequal division and damages, and ordered the respondent to pay $700,000 in retroactive child and spousal support based on an imputed historical income of $2,000,000.
