I know, I had to read it twice. First of all, millionaire accountant?! Second of all, the guy was ancient and probably hasn’t calculated depreciation since 1971. Whatever, he was depreciating some hot assets and I guess that’s all that matters.
Here’s the sitch:
Millionaire UK accountant Peter Rust is being sued by both the wife and the mistress as they apparently both share a piece of his £3.2million [$4.86 million US] property portfolio. What kind of firm did this guy work for amassing a portfolio like that?! Patricia Rust (the 58 year old wife who has stood by his side for 40 years, even through jailtime Peter served for money laundering) and Virginia Madden (the 38 year old mistress who claims dibs on some of his property) are both claiming that part of Rust’s assets are theirs and theirs alone.
The problem is that he didn’t exactly tell his estranged wife that he was going to get some property with the new chick. Oops. The Daily Mail has the scoop:
In a statement provided to the court, Mr Rust said that in 2000 he and his wife agreed to start investing in property – using joint funds – even though they had separated.
“Although we were living apart at this time, Pat agreed I could do this providing she had an equal share in the properties,” he said.
But he added: “But I did not tell Pat that I intended to buy these properties in the joint names of myself and Ginny Madden.”
Listen, dude, you need to read a book on keeping mistresses. Property?! Come on, everyone knows you are supposed to rent them a pad or maybe get taxpayers to pay for it or claim nonprofit status to house the hoes at your “church”, whatever, you don’t actually buy property with her.
Anyway, as if it couldn’t get worse, Madden was paid over the years as “stable girl” with investment income from the properties (and, presumably, action from Mr Rust but there is not IASB guidance on how to classify affairs in the books and records) and claims a 50% share on five homes. Mrs. Rust claims 50% rights to her house and 6 others.