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Massachusetts divorce judge awards bulk of assets to Mihos' wife

A Massachusetts judge presiding over the high profile divorce case between convenience store mogul Christy Mihos and his former wife, Andrea, awarded the bulk of the couple's remaining assets to Andrea Mihos. The couple, who was divorced on October 15, were haggling over approximately $4 million in assets.

In his ruling, the judge noted that former Republican gubernatorial candidate Mihos had wreaked financial havoc on his family by squandering millions on his failed political campaigns that he funded without his wife's knowledge. Andrea Mihos' attorney also argued that Christy Mihos frittered away most of the $25 million acquired from the 2009 sale of his convenience stores by consorting with adult film stars, strippers and hookers.

The judge's nine-page order found that the couple's devastating financial losses were unnecessary and directly attributable to Christy Mihos' irresponsible and impulsive spending patterns and destructive behavior. He cited Mihos' duplicity regarding funding sources for both of his failed bids for governor of Massachusetts and his ill-treatment of his wife and children, which included vile name-calling towards his wife within earshot of the couple's daughter.

Cracks in the fa?ade of the Mihos marriage became apparent in February 2012 amidst allegations to the Yarmouth Police Department by Andrea Mihos of threats made to her by her husband and an alleged incident of physical violence in 2011 at their Great Island home. A petition for divorce was filed on March 27, 2012.

The judge's order awards Andrea Mihos approximately $2.9 million and Christy Mihos $1.1 million, portions of which will come from proceeds of the sale of two high-dollar homes owned by the couple on Great Island.

It is imperative that couples in high profile divorces with significant assets to distribute retain competent counsel to preserve assets and protect property rights, including the rights of any minor children of the union. Failing to act promptly can result in the disappearance of valuable property and funds.

Source: capecodonline.com, "Judge: Christy Mihos wasted family's millions" Patrick Cassidy, Nov. 12, 2013

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