Man Fails to Make $450,000 in Child Support Payments, Arrested in Casino

Man Fails to Make $450,000 in Child Support Payments, Arrested in Casino

Child support payments are structured on the income of the person who has to pay them. If they are very successful, the amount they may have to pay per month can be quite high. The purpose of child support is so that an absent parent can provide the amount of financial assistance they would have provided had the parent stayed married.

Sometimes these high payments can make people skip out on their obligations though. A successful day trader was ordered to pay $51,000 a month in child support to his daughter. This may seem very high, but he was a multi-millionaire at the time of the order. However, he had lost $22.7 million in futures recently due to a trading error and stopped making payments.

Police found him at an Atlantic City casino and charged him with failing to make $450,000 in child support payments. He is now in jail awaiting a court hearing.

If sudden financial difficulty makes you unable to meet your child support obligations, seek legal help immediately. It may be possible to get your payments lowered until you can get back on your feet depending on the circumstances. If you live in Washington, call Elise Buie Family Law Group, PLLC for more information.

STAY UP TO DATE

Subscribe to our newsletters

 
Subscribe to one or more of our newsletters, delivering meaningful insight on topics that matter to you and your family.
ebl home subscribe image

FURTHER READING

Latest Blog Posts

Everyone who has anyone in their life needs an estate plan, even people who own little or no property.

A common question about legal fees is why they are so high. The following article details what is built into legal fees and explains their cost.

Gifting an estate plan is an act of love because an estate plan goes far beyond material possessions, addressing the emotional, practical, and long-term well-being of your loved ones.

Prenuptial agreements (also known as prenups) can play a pivotal role in safeguarding individual spousal rights in the event of divorce and can also strengthen a marriage.

Valentine’s Day can be tricky for single parents, maybe even you. Unpartnered, at least for the time being, you might not foresee your plans fitting into conventional images of the holiday. But that doesn’t have to be. Valentine’s Day, when you’re single, can be more than a day you need to survive. It can be a day to look forward to.

Collaborative law has evolved into a globally practiced
discipline, extending well beyond the realm of family law, and is used frequently in Seattle divorces.

Classifying January as divorce month could be misleading, given how some of the numbers tell a different story. However, one thing remains clear: January is a great time for a fresh start.

A family law attorney can help with child custody (residential time) by creating or modifying a parenting plan.

Given the importance of the trustee’s role in an estate plan, it is necessary to understand the responsibilities before choosing a trustee or accepting the obligation to become one.

If you and your partner reside in Washington state and are unmarried, you each might qualify for the legal protections availed to you by law by classifying your relationship as a committed intimate relationship.