Economist Awarded a Billion Dollars
NyPo has
the details:
It’s a billion-dollar oil tycoon divorce, not seen since “Dallas” left the air.
Harold Hamm, 68, was ordered in a court filing made public Monday to pay his second wife $995.5 million, putting the settlement in the top 10 for divorce awards.
In his 80-page order for equitable distribution, an Oklahoma county judge denied alimony to Sue Ann Hamm, 57, citing her failure to demonstrate need for support “above and beyond what she is receiving as her share of the marital estate.”
Hamm, the founder and CEO of Oklahoma City-based Continental Resources, is ranked No. 33 on the Forbes 400 list of richest people in America, with a fortune estimated at $14 billion.
Sue Ann Hamm, who’s a lawyer and an economist, and her ex-husband — the largest oil baron in the US — literally struck it rich in the 1990s when he tried hydraulic fracturing, or fracking, on North Dakota’s Bakken field.
That field today, which Continental Resources shares with some independent producers, yields 700,000 barrels a day.
Police Can Seize And Sell Assets Even When The Owner Broke No Law
ReplyDeleteYou don't have to be convicted of a crime — or even accused of one — for police to seize your car or other property. It's legal. Several videos online are shedding some light on the controversial practice.
The practice is called civil asset forfeiture, and every year it brings cities millions of dollars in revenue, which often goes directly to the police budget. Police confiscate cars, jewelry, cash and homes they think are connected to crime. But the people these things belong to may have done nothing wrong.
In one video posted by The New York Times, Harry S. Connelly, the city attorney of Las Cruces, N.M., gleefully describes how the city collects these "little goodies," calling it a "gold mine."
http://www.npr.org/blogs/thetwo-way/2014/11/10/363102433/police-can-seize-and-sell-assets-even-when-the-owner-broke-no-law
---"Harold Hamm, 68, was ordered in a court filing made public Monday to pay his second wife $995.5 million, putting the settlement in the top 10 for divorce awards."---
ReplyDeleteAn old friend of my dad quipped many times "Only an idiot marries more than once."
We are witnesses to the fact that a person can be very wealthy and an idiot, at the same time. Well, after this, Mr. Hamm will be $995.5 million dollars poorer.
Its stories like these that make me think of Bill Burr.
ReplyDeleteBill Burr Epidemic of gold digging whores (HD)
https://www.youtube.com/watch?v=x0gaYyNk7QA