The applicant sought relief under the Fraudulent Conveyances Act alleging that the respondent debtor transferred funds and assets to associates and family members to defeat enforcement of family law support and equalization orders exceeding $1 million.
The court examined several real estate transactions and financial transfers, including funds used to purchase condominium units and a $325,000 transfer to the debtor’s brother.
Applying the badges of fraud doctrine, the court found that multiple transfers were non‑arm’s‑length, unsupported by consideration, conducted in secrecy, and made while litigation and court orders restricting asset depletion were in effect.
The court concluded that the transfers were intended to defeat, hinder, or delay creditors and declared them void as against the debtor’s creditors.
Orders were granted permitting seizure and sale of properties representing the proceeds of the fraudulent transfers and requiring repayment of funds transferred abroad.