At 81, high-frequency trading pioneer Ed Bosarge is in court battling ex-business partners, the founder of a stem cell clinic of which he took control and the wife he dumped. She says he’s got billions stashed in a constantly changing array of offshore and South Dakota trusts.
“This is a women’s rights issue,” says Cynthia Cole, a protester who is also a local official with the American Federation of State, County and Municipal Employees. “He’s getting older, he’s got a new pony,” she says, “and he doesn’t want to appreciate who got him here.” In a deposition taken late last year Bosarge disclosed he is the beneficiary of South Dakota trusts holding $800 million in appraised assets and $280 million in cash. And he likely has even more socked away in trusts in the Bahamas, the British Virgin Islands and Malta, Marie and her lawyers believe.
Marie contends that the compounding value of Ed’s hard work—accrued for years inside African Tudor—was really community property. That’s crucial, because all the subsequent trusts were apparently seeded by African Tudor assets. According to court documents, in 2001, with cash flows from Quantlab ramping up, all the assets of African Tudor were apparently transferred, by Rattay, into two new trusts she settled, the North Boulevard Trust and the MAS Trust .
While trusts paid the expense of his businesses and an increasingly lavish personal lifestyle, Bosarge showed comparatively modest income on his personal tax returns—or at least a purported copy of the couple’s 2014 joint tax return shows $1.67 million in gross income. When he did need cash, Ed explained in a deposition, he would get “replenished” via a distribution from one of the trusts. Ed said he instructed trust employees to keep $200,000 in cash in safes at his various properties.
Such lack of transparency is key to the effectiveness of asset protection trusts. “It’s proprietary. You’re not allowed to know,” Marie’s attorney Bucky Allshouse complained in a hearing this past February. “We don’t know what assets went in there and whether they’re contributing community assets or separate assets or whether they were there from the very beginning,” he said. “It’s their burden to prove it’s separate property. They haven’t done it.
Scumbag of the highest orda!
Oh wow
Maestro...
Take heed there fore that your options on earth will SEARVE you in heaven. Those are your choices you make. Defined by your efforts,creativeness. What you think is actually what you answer as questions after death. So don't think GOD WILL MANUFACTURE QUESTIONS FOR YOUR JUDGEMENT
Your names here don't exist over there. You are called nothing. Every dead person trapped in limbo is called 'Nothing' .Only people who have new names given to them are those who live with GOD IN HIS HEAVENLY ABODE. BY THIER NEW NAMES THEY ARE CALLED.
Your choices here don't exist in heaven or elsewhere. Your status don't exist outside earth.Your achievements don't exist outside earth.Even your name don't exist over there. You have to call your name, mention it to spiritual visitor from earth to be remembered, names are empty
I came across very big names as they called themselves on earth. I passed lot's of them in my journey of spiritual evaluations. I must tell you it's not great out there for so many dead people.Over there there are no classifications as to whom what you were on earth. Non!
You have to live a good life here to gaurantee a good passage to another. Or else you will be stuck in an empty harsh substances of hell. Seeking meaninglessness. What a terrifing reality over there. So many souls stranded because of their Babylonian earth living.Wasted souls
Stop creating your heaven on Earth which ant's devour. Once you die your chapter is closed by heaven on your earth.Any other thing done here is just to remember your folly.But you call it greatness?There are no such things. Your life dead means you move to another life elsewhere
But as IGNORANT as you are,you think you are thinking with your brain and planning with your heart? Can a malnourished person think properly? If I remove what comes to your stomach how long will you last? That's why a person cannot live by bread alone. Wisdom is knowledge.
Your stomach controls your content! That's why you are foolish as a human. Desires springs from your stomach. Dreams comes from your stomach, efforts comes from your stomach,talents comes from your stomach. Every thing are desired from your stomach, and distributed to your body.
Why die and remain stranded over there? Yet not having any of those materialism you worship on earth? Is it not stupid? If you give a child water such child baths only the stomach. That's only thing the child can remember,because that's where food enters.
Life I give you JESUS CHRIST TOLD THEM. They were like eh? THEY DID NOT UNDERSTAND HE WAS TALKING OF EVERLASTING LIFE IN HEAVEN. HE TAUGHT THEM WISDOM. WISDOM IS THE ONLY *AWARNES WHICH IS REAL* IT'S THE KEY IN JESUS CHRIST. SO YOU DON'T KEEP USING THE WRONG KEY'S. BE WISDOM.
I hit hard because Wisdom is not a soft meal. That's why JESUS CHRIST CALLED IT STONES. JESUS TOLD SATAN ON MOUNTAIN OF TEMPTATIONS THAT GOD IS CAPABLE OF TURNING STONES INTO BREAD AS PEOPLE CAN'T LIVE BY BREAD ALONE. WISDOM IS HARD BUT ITS THE BEST FOOD. IT'S DEVINE MEAL .
Why live your life only here on earth?You don't save for heaven?Know you not that life exists outside earth too. When you die your spirit is not buried with your flesh? Your spirit is constantly in a journey of perfection seeking in different souls of you?Until final judgement?
I have traveled out of universe and seen humans who passed away from time immemorial stuck on different entry points in harsh realities of their stupid past life existences on Earth. Most forgotten in limbos of perpetual spiritual suffering.State of spiritual confinements harsh
Are you BABYLON I STILL ASK? YOU PIN YOUR EXISTENCE TO MATERIALISM AND SENSUAL PLEASURES?
If you are of this earth your heart is bad. You are of the world. You live in love of materialism. Honouring what you have than GOD. Placing things of the earth before your believes and beliefs. Excited with cars,money,and properties. Are you *BABYLON*?
I have watched humans daily with their desires. It so funny. Accumulations. Ownerships. That's why there are lots of POVERTY in the world. That's why the rich and wealthy in material world can't enter heaven: FACT: CAN THEY AS CAMEL HEAD'S PASS THROUGH THE EYE OF A NEEDLE?
The problem with humans are they are trapped in their imaginations. For instance I only own a few necessities. I mean why would I stock the whole universe? Why would I keep all these NONSENSE? Several cars, yatches,islands, houses,properties,wearables. And so much wealth money?
Humans are so inclined to wealth and money. I mean these things are nothing. Be kind to one another give out it means good before GOD. STOP HURDING THINGS, MONEY AND WEALTH,BE FREE. MATERIALISM ARE ABSOLUTE NONSENSE. GIVE TO ANOTHER. YOU DONT LOOSE NOTHING BY GIVING. NOTHING.
30 years are a lot of sacrifice. Even if you don't have any agreement of sharing.Which I don't like. I don't like this idea of spliting things when couples seperate.Couples should just enable one another have things which can help themselves move on.And still assist one another
Do not take advantage of her IGNORANCE. Or kill her with hate. No matter what ever happened? Let your love still shine in FORGIVENESS. Be kind to one another. Humans must know their paths must cross again in heaven. 'MUST' . THAT'S WHY IT SAID PREPARE YOUR WAY'S.
Ed Bosarge please don't be cruel to your 30 years wife Maria. Show her love,shower her with considerable needs,Adore her,set her in freedom of living with your immense gratitude.Tell her if it was possible you would spend all your life with her.Remember her when as you loved her
That's crude? And evil. I mean even your servants should be paid we'll talk much of a woman you laid in bed with? The fact that you are a Billionaire even means you should give her happily. Buy her a nice house,stock it with GODDIES everyday. Give her comfort and convenience.
Jerk. I guess 30 years of marriage doesn’t mean much. He should be ashamed.
If she was smart , she would of been stashing away money for years ...ladies just cause your man is worth $$$ do your own thing....never trust a man!
Crappy things super wealthy people do to each other.
So much for love....
Well he should expect to get back 10 fold the karma he is going to be due from being so terrible then.
Must be a democrat....
Bitter man!
😂😂😂 Dr Dre needed to talk to this chap
he worked for it so nothing wrong there
Good luck. I don't know whether she's a shitty person or not to deserve this so I have no opinion as to how I should about it.
Greed. Where will he take it all? The after life?
Shame
I have no problem wish someone of that sort falling over dead
After 30 years? That’s harsh.
that will fail, and the lawyer should have told him. But they only want his cash, so they tell him a lie.
“high-frequency trading billionaire” = two things that shouldn’t exist.
Huh? 😕 C'est ne possible pas
Nojento
Una no get amadioha for that side
At least break her off with something.
Please donate and share🙏🏽. Even if it is a dollar
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