Divorce Archives

Lawsuit claims embezzled money funded CEO's divorce settlement

A recent lawsuit claims that the ex-wife of former Peregrine Financial CEO Russell Wasendorf Sr. received a portion of the $215 million Wasendorf admitted to embezzling from his clients, money that the plaintiff argues should rightfully be returned to the brokerage. Peregrine's current trustee argues that Wasendorf's divorce settlement payment of $2,469,692, and several spousal support payments to his ex-wife, were fraudulent in nature, and he has demanded that she return the sum to him. According to the lawsuit, the woman has thus far refused to return the money.

How divorce works in Illinois

The process for filing for divorce in Illinois is relatively easy to understand for anyone familiar with divorces in other jurisdictions, but the state has specific laws and rules regarding divorce that are worth knowing for anyone who is preparing to dissolve their marriage. Depending on the specific details of each case, divorce in Illinois can be straightforward or much more complicated.

Sesame Street debuts program for divorced parents and children

Studies show that children with divorced parents face an increased risk of developing social and mental health issues and struggling with school work. As the U.S. Census Bureau estimates that the parents of over 1 million children get divorced every year, these findings can be distressing to newly divorced parents or those that are planning to divorce. However, there are steps Illinois parents can take to ease the divorce process for their children and ensure that they have minimal difficulties in adjusting to new child custody arrangements.

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