Financial Guru Held Accountable During Divorce

A financial guru who thought he could get away with shortchanging his wife in their divorce case will now pay for his deceptive ways. Howard Sosin, 60, founder of AIG Financial Products Corp., was ordered to pay $3.8 million by the Connecticut Supreme Court. 

Even though his wife was accused of and later admitted to two affairs during her marriage, Sosin was still ordered to pay her $24 million in cash, as well as another $20 million in personal property and real estate. But Sosin only gave her $20 million in cash after arguing that a judge had overvalued one of his bank accounts. 

This week the justices re-reviewed the case and determined that the lower court had been correct in their evaluation of Sosin's finances. He will now be forced to pay the rest of what he owes plus interest on that amount. Sosin's ex-wife, Susan, is happy with the outcome of this ruling.

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