Press release
The coronavirus pandemic has already delayed the planned jury trial this month for Ed Bosarge, the Houston billionaire accused of trying to cheat his wife of 30 years out of their shared fortune.
Now the 80-year-old Houston medical center pioneer says he has COVID-19. The medical breaking news came just as the Wall Street Journal highlighted the contentious legal battle that exposes the way the uber rich try to hide their money.
The headline: “A Houston billionaire is accused of using a complex web of trusts and limited liability companies to prevent his wife from accessing cash and the 13 homes they acquired together.”
Ed and Marie Bosarge bought mansions, yachts and even a Bahamian island during their 30-year marriage. Marie Bosarge says she never knew Ed Bosarge was secretly moving everything, even down to kitchen sponges, into secretive South Dakota trusts to cut her out, all while he was spending lavishly on his young Russian girlfriend.
Judge Chip Wells had set the high-stakes divorce case for trial in April, but the case is being delayed. The health of Ed Bosarge is now a front and center issue.
Wells has blasted lawyers for Mr. Bosarge in recent court hearings.
“I don’t think the laws of South Dakota, the State of Texas or anything that we might imagine somehow frees him of an obligation that he has undertaken at the time he married Mrs. Bosarge,” Judge Wells angrily told Ed Bosarge’s lawyers. “Scheme may be the key word… We can play this game… with regard to fraud on the community estate… I promise you it’s not going to go well… I don’t have to tolerate your disrespect.”
Attorney Bucky Allshouse says if Ed Bosarge gets away with his plan then no wife would be safe.
“I want him to be fair. You know, we made our money in Houston. It’s community property. It’s fifty-fifty. I want what’s fair,” said Marie Bosarge.
