Ex-Simon & Schuster CEO, 91, who was worth $43M brands ex-wife, 63, 'The Grinch' after she 'drained bank accounts to almost nothing even after their split', lawsuit claims
- Former CEO of publisher Simon & Schuster, Richard E. Snyder, accuses his younger ex-wife, 28 years his junior of cleaning out his bank accounts
- Snyder claims ex-wife Terresa Liu depleted his accounts by using his ATM card in countries around the world while he lay in hospital with deteriorating health
- Pair broke up in 2018 but never actually separated, Snyder claims he was so ill he had no idea his accounts were being emptied to the tune of $3 million
Snyder alleges Terresa Liu Snyder depleted his wealth, once valued at $43.5 million, claiming she wiped out his accounts and even stole frequent-flyer miles from his accounts.
Snyder was 72 when he met Liu, who was 44 in 2004. The pair got married and remained together for a decade before Liu began divorce proceedings against him in 2018, when he was 86 and she was 58.
Following the split, Liu received $10 million which Snyder claims was a significant chunk (about 75 percent) of his remaining net worth.
But according to Snyder's legal filing, even after the divorce, Liu went on to deceive him by giving him 'the false hope of a continued relationship' while allegedly continuing to siphon off an additional $3 million.
Former CEO of publisher Simon & Schuster, Richard E. Snyder, is accusing his younger ex-wife, some 28 years his junior of cleaning out his bank accounts
Snyder claims his ex-wife Terresa Liu depleted his accounts by using his ATM card in countries around the world while he lay in hospital and his health continued deteriorate
Snyder, now aged 91, has since compared her actions to that of The Grinch.
'Like The Grinch who left no crumb or morsel behind, she even emptied his frequent flyer account of over 300,000 miles days before abruptly abandoning [Snyder],' Snyder said in the lawsuit.
Liu is also accused of abruptly abandoning him and traveling to various countries including Switzerland, Greece, Italy, and England making large cash withdrawals using Snyder's ATM card.
Snyder also alleged how Liu neglected to care for him in October 2020 as she left him in the hands of their housekeeper before failing to visit him while he was in hospital for sepsis. Snyder suffered a 'complete loss of vision' due to an untreated detached retina.
Richard E. Snyder was the former CEO of publisher Simon & Schuster. Pictured, the company's headquarters building in Manhattan
Legal papers seen by the New York Post state it was only when Snyder's son, Matthew, came to his aid that he discovered the various financial issues.
Snyder had outstanding debts, was being pursued by a collection agency, faced lawsuits that Liu had allegedly discarded, and had accumulated $65,000 in city fines relating to their Upper East Side townhouse's damaged facade.
Snyder found himself in $1.5 million of debt as a result of the disputes but claims the true cause of his financial ruin was Liu systematically working to deplete his account, all without his knowledge.
Eventually, Snyder's son moved him to Los Angeles, where a doctor assessed him to be in 'a deplorable state of health.'
The lawsuit asserts Liu 'took advantage of her ex-husband when he became ill and got away with it for years because of his disability,'
Snyder is now seeking $3 million in damages from Liu, who resides on Central Park South in Manhattan.
Source:https://www.dailymail.co.uk/news/ar...ontinued-drain-accounts.html#article-12156659
