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(Bloomberg)   A hedge fund manager worth $1.1 billion facing a messy divorce from his wife of 20 years with whom he had 4 children, goes for the Hail Mary pass and claims that despite two wedding ceremonies 5 years apart, he and his wife were never legally married   ( bloomberg.com) divider line
    More: Unlikely, Tagilde Aziz, Family law, Alimony, Divorce, Asif Aziz, Annulment, Child custody, Tagilde Aziz counters  
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4526 clicks; posted to Main » on 05 Oct 2017 at 12:38 PM (2 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2017-10-05 09:56:20 AM  
Annnd this is pretty much the EXACT situation that led to the doctrine of "Common law marriage'; being invented
 
2017-10-05 09:59:52 AM  
You know, he is just going to have to break with the Church of DC and establish his own Church. With blackjack. And hookers.
 
2017-10-05 10:16:46 AM  
Having a wedding ceremony doesn't mean you are married.
 
2017-10-05 10:29:00 AM  
Court documents prepared for Wednesday's hearing on behalf of Tagilde Aziz said Asif Aziz had argued that "he has no capital, is a man of straw and has accumulated debts as a result of these proceedings in excess of 600,000 pounds."

This sounds like a job for ...

www.copblock.org
 
2017-10-05 12:04:39 PM  

MasterAdkins: Having a wedding ceremony doesn't mean you are married.


Technically no, but the law frowns on such loopholes.  In many States and I believe the UK if you say you are married, act like you are married, and tell other people you are married, then, paperwork be damned, you're married (Common law marriage)

In states that don;t recognize this, the woman would have a Quantum meriut  argument that because she acted like a wife for 20 years she's entitled to the same martial distribution as a wife

Letting this guy say he's not married is tantamount to the court allowing him to get away with fraud
 
2017-10-05 12:18:35 PM  

Magorn: MasterAdkins: Having a wedding ceremony doesn't mean you are married.

Technically no, but the law frowns on such loopholes.  In many States and I believe the UK if you say you are married, act like you are married, and tell other people you are married, then, paperwork be damned, you're married (Common law marriage)

In states that don;t recognize this, the woman would have a Quantum meriut  argument that because she acted like a wife for 20 years she's entitled to the same martial distribution as a wife

Letting this guy say he's not married is tantamount to the court allowing him to get away with fraud


This is in the U.K. I could be wrong, but I don't think they recognize common law marriage.
 
2017-10-05 12:40:30 PM  
hedge fund manager.  so he's never really done anything.  sweet gig if you can get it.
 
2017-10-05 12:41:34 PM  
Hmmm, hedge fund manager acting like a colossal dick?
Color me shocked.
 
2017-10-05 12:42:52 PM  

You Are All Sheep: hedge fund manager.  so he's never really done anything.  sweet gig if you can get it.


He can switch on a computer and double click the program that does all his trading for him.
 
2017-10-05 12:43:51 PM  
How about this ? 

Once you have more than 5 million, 1 million for the wife, and a quarter-million for each kid (under 18) should be more than enough to buy you out.
 
2017-10-05 12:44:52 PM  

lindalouwho: Magorn: MasterAdkins: Having a wedding ceremony doesn't mean you are married.

Technically no, but the law frowns on such loopholes.  In many States and I believe the UK if you say you are married, act like you are married, and tell other people you are married, then, paperwork be damned, you're married (Common law marriage)

In states that don;t recognize this, the woman would have a Quantum meriut  argument that because she acted like a wife for 20 years she's entitled to the same martial distribution as a wife

Letting this guy say he's not married is tantamount to the court allowing him to get away with fraud

This is in the U.K. I could be wrong, but I don't think they recognize common law marriage.


They do and they don't. It's more social recognition and not legal recognition.
 
2017-10-05 12:46:22 PM  
Dammit, Carl, first you fark up the Equifax security patches, and now you couldn't find a legit priest twice.  Is there anything that Carl can't screw up.
 
2017-10-05 12:47:14 PM  
Hey, I used to work for this guy.. [clicks link]

Oh, nevermind, not another Kenneth Griffin story.
 
2017-10-05 12:47:38 PM  
Hedge fund manager? As if!
 
2017-10-05 12:48:33 PM  
TFA states he argues he makes only 400K pounds a year.

Let's have some pity on the poor man.
 
2017-10-05 12:48:46 PM  
He's always been a problem
img.fark.net
 
2017-10-05 12:49:05 PM  
Subby - pounds and dollars aren't the same thing.
 
2017-10-05 12:52:25 PM  
Gonna suck only being worth $550 million.
 
2017-10-05 12:53:45 PM  
I'd rather starve in the street than have rich people problems.
 
2017-10-05 12:54:35 PM  
As a minister of the ULC I'm getting a kick out of this thread. I'm not sure how it would work in the UK, but it would be easy to resolve here in the states. 1) Is there a marriage license on file anywhere? If yes, they're married. If no, because the ceremony happened in another country, how did they declare themselves on their taxes?

The US is pretty strict on weddings for its citizens. Nothing from a foreign country (including Canada) is recognized unless you're doing it through a business that has paid hefty licensing fees to be recognized.
 
2017-10-05 12:55:38 PM  
FTA: ""If he were able to satisfy a court that they were not married, the wife would still get something but it would probably be substantially reduced," said Coy, a partner at Stowe Family Law."

This.

A marriage contract is a contract that is signed by both parties. Where I live (CA) there is no such thing as common law marriage. You either have a signed marriage contract, or you don't. These people don't. I think it's wrong for society to tell people that they have to enforce a contract they never signed.

Marriage laws are horrible and this guy was right to avoid a legal marriage. If she wanted the protections of a legal marriage contract, she should have looked for another guy who would marry her. If they have kids together, it's still his responsibility to support them and her partially until the kids are 18, IMO.
 
2017-10-05 12:59:11 PM  
Just how much is fair. Yes a couple million for her is about right but if dhe wants hundreds of millions she should go fark herself.  Im sure she gave birth to children but i doubt she helped raise them.  You hire people for that
 
2017-10-05 01:00:08 PM  

lindalouwho: Magorn: MasterAdkins: Having a wedding ceremony doesn't mean you are married.

Technically no, but the law frowns on such loopholes.  In many States and I believe the UK if you say you are married, act like you are married, and tell other people you are married, then, paperwork be damned, you're married (Common law marriage)

In states that don;t recognize this, the woman would have a Quantum meriut  argument that because she acted like a wife for 20 years she's entitled to the same martial distribution as a wife

Letting this guy say he's not married is tantamount to the court allowing him to get away with fraud

This is in the U.K. I could be wrong, but I don't think they recognize common law marriage.


States that have abolished common law marriage still have the putative marriage doctrine. The difference is that, while common law marriage sort of a mutual "we're not getting married, but we're living together as if we are" situation, putative marriage is where one party thinks they're married and the other secretly didn't file the paperwork.
 
2017-10-05 01:01:11 PM  

Brawndo Addict: Where I live (CA) there is no such thing as common law marriage. You either have a signed marriage contract, or you don't.


Where you live, there's also the concept of palimony. So... yeah.
 
2017-10-05 01:01:34 PM  

Magorn: In many States and I believe the UK if you say you are married, act like you are married, and tell other people you are married, then, paperwork be damned, you're married (Common law marriage)


Not in the UK. No such thing as common law marriage here.
 
2017-10-05 01:02:51 PM  

beerrun: Hmmm, hedge fund manager acting like a colossal dick?
Color me shocked.


She shacked up with him while married to someone else and they unofficially imported a child from Africa. They sound like a perfect match for each other.
 
2017-10-05 01:03:06 PM  

Nadie_AZ: You know, he is just going to have to break with the Church of DC and establish his own Church. With blackjack. And hookers.


Dammit!  I misread blackjack as backpacks and thought you meant jetpacks. From a brief moment there was joy in my world.
 
2017-10-05 01:03:40 PM  
Unless she can provide a marriage certificate from Malawi she's gonna get told to go pound sand. She was already legally married to someone else when she had the "ceremony" in the UK, so by inspection that either wasn't a legal marriage ceremony or she committed a fairly serious crime and ended up in an invalid marriage that the courts wouldn't recognize for any purpose other than charging her with bigamy.

Magorn: Technically no, but the law frowns on such loopholes.  In many States and I believe the UK if you say you are married, act like you are married, and tell other people you are married, then, paperwork be damned, you're married (Common law marriage)


The UK doesn't legally recognize common law marriage, but the term is in common use to describe couples who have lived together a long time, and maybe have kids, but have never actually gotten married, often because "it's just a piece of paper".

Occasionally these couples wind up in the news either when one of the pair die or they separate after living together for 20 years and then get angry when they find out that the courts don't think Common Law Marriage is a thing and the "just a piece of paper" part of marriage is the only part that counts in court.
 
2017-10-05 01:04:04 PM  

DubyaHater: Gonna suck only being worth $550 million.


With the pounds to dollars conversion, that's closer to $720million.
 
2017-10-05 01:04:35 PM  

Nadie_AZ: You know, he is just going to have to break with the Church of DC and establish his own Church. With blackjack. And hookers.


Came for the Henry VIII joke, leaving satisfied....
 
2017-10-05 01:06:10 PM  

Bowen: Subby - pounds and dollars aren't the same thing.


Since brexit they've been pretty farking close
 
2017-10-05 01:09:57 PM  

Brawndo Addict: FTA: ""If he were able to satisfy a court that they were not married, the wife would still get something but it would probably be substantially reduced," said Coy, a partner at Stowe Family Law."

This.

A marriage contract is a contract that is signed by both parties. Where I live (CA) there is no such thing as common law marriage. You either have a signed marriage contract, or you don't. These people don't. I think it's wrong for society to tell people that they have to enforce a contract they never signed.

Marriage laws are horrible and this guy was right to avoid a legal marriage. If she wanted the protections of a legal marriage contract, she should have looked for another guy who would marry her. If they have kids together, it's still his responsibility to support them and her partially until the kids are 18, IMO.


Don't be so sure of that.

Some states recognize common law marriage, some do not. HOWEVER, the "full faith and credit clause" of the Constitution would require a non-common law marriage state to recognize a marriage considered valid in another state...including...you guessed it, a common law one.  And while many states have a term of years before a common law marriage is formed, some like the district of Columbia do not specify one, so checking into a hotel in DC as Mr &Mrs yournamehere MIGHT be enough to form a valid common law marriage which would then have to be recognized by CA or anywhere else
 
2017-10-05 01:10:19 PM  
iruntheinternet.com
 
2017-10-05 01:11:55 PM  
My hedge fund...

i.pinimg.com
 
2017-10-05 01:13:07 PM  

Magorn: Annnd this is pretty much the EXACT situation that led to the doctrine of "Common law marriage'; being invented


A lot of states are not common law states.
 
2017-10-05 01:15:10 PM  
I got married by a tattoo artist dressed as a pirate, but it sounds more legit than this "marriage".  We went to the Clerk of the Peace and got a marriage license and the officiant is registered with the Clerk.

Sure, it's just a piece of paper, and we kinda thumbed our noses at it the way it went down, but me and the wife, we're both a little demented.

I just wanted to be sure she would be entitled to a survivors pension and health benefits in the event I croak before she does.  That piece of paper means a lot when your estate goes to probate.

/also, everyone should have a will
//and a durable power of attorney
 
2017-10-05 01:17:09 PM  

jonneyquest: Just how much is fair. Yes a couple million for her is about right but if dhe wants hundreds of millions she should go fark herself.  Im sure she gave birth to children but i doubt she helped raise them.  You hire people for that


Why?

this notion of fairness, every time I see it articulated (which is literally hundreds of times since  I did domestic law for about 5 years and have kept my hand in since) has always amused me.  Marriage is , in the strictest legal sense, a non-business form of a general partnership.    When a partnership is formed, the assets gained by the partner ship belong to all partners equally/  Even if one "earned" the money, the other is seen as contributing in other ways to the success of the endeavor.

Same thing with a marriage.  HE may have gone out and been a very good shrubber (or whatever the hell a hedge fund person is called) but she contributed to their quality of life as well. (and when you are raising 4 kids, brother, you are contributing).  You can't decide after 20 years that the arrangement you agreed to is retroactively unfair and your partner should get a diminished share of the assets.  Community property (where you automatically get half no matter how long or short you are married)? We can debate the fairness of that , but martial property (you get half of everything acquired while you were married) is a MINIMUM standard of fairness
 
2017-10-05 01:17:52 PM  

orbister: Magorn: In many States and I believe the UK if you say you are married, act like you are married, and tell other people you are married, then, paperwork be damned, you're married (Common law marriage)

Not in the UK. No such thing as common law marriage here.


We're down to a handful of states in the US that still recognize them..and I think most are out west.
 
2017-10-05 01:19:19 PM  

Magorn: HE may have gone out and been a very good shrubber (or whatever the hell a hedge fund person is called)


Pff, shrubbers are bush league. He was at least a thicket.
 
2017-10-05 01:31:56 PM  
She had to have known she was marrying a piece of shiat when she married a hedge funder.
 
2017-10-05 01:39:28 PM  

Magorn: Annnd this is pretty much the EXACT situation that led to the doctrine of "Common law marriage'; being invented


And the person who came up with the idea should have been executed on the spot.
 
2017-10-05 01:41:18 PM  

jonneyquest: Just how much is fair. Yes a couple million for her is about right but if dhe wants hundreds of millions she should go fark herself.  Im sure she gave birth to children but i doubt she helped raise them.  You hire people for that


I'd say roughly 50 percent of the assets acquired during the marriage. It is a partnership.  Anything that fails to come up on a disclosure is 100 percent.
 
2017-10-05 01:42:25 PM  

gshepnyc: She had to have known she was marrying a piece of shiat when she married a hedge funder.


She probably did, but thought he was HER PoS.
 
2017-10-05 01:42:59 PM  
So she can sue him for fraud and get everything.
 
2017-10-05 01:45:33 PM  
I've never understood the "accustomed to" thing when it comes to divorce settlements.  Chris Rock has a bit about this, but it still rings true.
 
2017-10-05 01:48:54 PM  

Magorn: Annnd this is pretty much the EXACT situation that led to the doctrine of "Common law marriage'; being invented


When you get married literally half of everything you earn and own retroactively belongs to your partner, and sometimes even when you don't get married because fark you. Have I got that right?
 
2017-10-05 01:51:09 PM  
Who does he think he is... Mick Jagger?

/ rem Mick tried the exact same thing with wife Jerri Hall after all their kids were born
 
2017-10-05 01:51:13 PM  

jonneyquest: Just how much is fair. Yes a couple million for her is about right but if dhe wants hundreds of millions she should go fark herself.  Im sure she gave birth to children but i doubt she helped raise them.  You hire people for that


Alternatively, she could hire a hitman and collect 100% as the grieving widow. This solution has happened before.
When people believe that the court process fails to deliver a satisfactory outcome, they sometimes go for extrajudicial means to achieve what is just in their eyes.
 
2017-10-05 01:54:58 PM  
Considering at the 1st "ceremony" she was still legally wed to her first husband that ceremony doesn't count. As for some tribal shiat in Mali or wherever? Good luck getting that to stick. I'd say they weren't married unless it was some common law marriage. I make it a point to tell my GF of several years, "we are not married," every year, usually at Christmas in front of her mom and grandma (witnesses help). They don't like me for some reason.
 
2017-10-05 02:04:45 PM  

DubyaHater: Gonna suck only being worth $550 million.


And then have to pay her 10 million a year because vagina.

Don't get married if you're worried about divorce.
 
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