AIG Exec’s Ex-Wife Gets Another $3.8M

[CNBCs] gavel200.jpg

The state Supreme Court has upheld a $3.8 million judgment against the founder of AIG Financial Products Corp., the man who was found to have short-changed his ex-wife in one of the country's most expensive divorce cases.

The state’s high court ruled on Thursday that the State Appellate Court was right to confirm the decision of a lower court judge, who ordered Howard Sosin in 2006 to pay $3.8 million plus interest to Susan Sosin.

The bitter divorce made headlines in 2005 because it was aired details about a wealthy Fairfield couple and their a lavish lifesyle, with up to 14 servants, the Hartford Courant reported at the time

Then there were the stories of adultery. Court documents state that Susan was lonely as Howard went off on his golf outings and she carried on a yearlong affair with a married man, .

Her total divorce award including cash and property was worth more than $40 million.

Howard Sosin was to pay Susan Sosin nearly $24 million cash under the original divorce order. He gave her only $20 million and said a judge overvalued several pieces of furniture and one of his 17 bank accounts.

Howard Sosin founded AIG Financial Products in 1987 and left the company in 1993.

Copyright AP - Associated Press
Contact Us