A family court showdown in Houston on Tuesday, January 28th, 2020 involves the attempt of Ed Bosarge, one of Houston’s richest men, to hide billions of dollars from his wife of 30 years.
The big question for court observers is: Will Ed Bosarge dare to show up in Harris County Family Court?
The 81-year-old Ed Bosarge is accused of vast amounts of fraud by his spouse – a sophisticated effort to hide his mansions, superyachts and private Bahamian Island in secretive trust accounts in South Dakota. The state has become famous as a place for the super wealthy to hide their assets.
During the 2:00 p.m. court hearing, lawyers for Ed Bosarge will ask 312th District Court Judge Chip Wells to throw out the fraud claims. The billionaire’s wife, Marie Bosarge, claims the Medical Center pioneer and famed mathematician started having an affair with his Russian girlfriend who is nearly 47 years younger, and then systematically moved assets to what Marie calls “sham” accounts before trying to end the marriage.
One of the Bosarge mansions was called the most expensive house in Houston by the Houston Chronicle.
“It’s very disappointing. It’s sad,” said Marie Bosarge when questioned by Dolcefino Consulting. “We’ve been married thirty years and he is trying to take everything from me and leave me homeless basically.”
Ed Bosarge is no stranger to allegations of fraud. The Houston entrepreneur was charged decades ago by the Securities and Exchange Commission for securities fraud and market manipulation, and former business partners at Houston trading firm Quantlab filed lawsuits claiming that Bosarge pulled off a “tyrannical coup.” Ed Bosarge lawyers have refused to comment.
The court hearing is set for Tuesday, January 28, 2020 at 2:00 p.m. in Judge Chip Wells’ courtroom, the 312th District Court on the 16th floor of the Harris County Civil Courthouse.