Common Red Flags of Financial Fraud During Divorce

There are a lot of difficult emotions that surround the divorce process, and people who are involved in divorces might make poor decisions that are a result of these emotions. One example of such a decision is to attempt to conceal assets to prevent them from being divided in the divorce process. This is a form of financial fraud, and it’s one you should carefully watch for during your divorce.

Some common red flags of potential financial fraud during your divorce include:

• Mail issues: If you suddenly notice strange new mail coming to your home, or if you notice certain pieces of mail are no longer coming or have been rerouted to a different address, this could be a sign of potential financial fraud.
• Protective of screens: If you notice your spouse spending more time on the computer or devices, or being particularly protective of ensuring you do not see what’s on their screen, this is a red flag.
• Withdrawals: If you notice strange or regular cash withdrawals from bank accounts, you should consider this a red flag worth your attention.
• Loans: If your spouse loans or gives money to family members or friends without you knowing or consenting, this is a big-time red flag, especially if a divorce is imminent.
• Other strange changes: Unexplained changes in behavior, new additions or changes in confidentiality between spouses can all be signs of potential fraud.

To learn more about how you can tell if your spouse is attempting to conceal assets during divorce, contact an experienced Long Island divorce lawyer at Bryan L. Salamone & Associates.