@bubbleboi It’s like your buddy promising “I’ll definitely pay you back double next month” after borrowing for beers… but you only give him half what he asks, because you know life (and his track record) might get in the way.
🚨 BREAKING: Androgenic has his hat stolen by a stranger revealing his clapped bald hairline and exposing him as a FRAUDMAXXER. The hair was a lie he was wearing a wig. GENERATIONAL AURA LOSS. No recovery possible. Baldmogged.
This is a great reminder that the person who you marry is the most important decision you will make in your life
The founder of the $60B hedge fund, Two Sigma, is now going through a divorce where he may end up losing half of his $7B net worth and control of his own firm
Here is the timeline of events:
> John and Laura Overdeck got married in 2002, just a year after he co-founded Two Sigma. The marriage was set in stone without any prenuptial agreement in place
> By 2018, the marriage was not working out well. John started working with lawyers and (allegedly) Two Sigma employees to move assets into various trusts
> In particular, the money was moved from a New Jersey Trust to a Wyoming trust, where asset protection laws are much stricter. His wife is now claiming that moving the money stripped her from beneficiary rights if they ever got divorced
> In 2022, Laura discovered a personal journal in their home office where John had brainstormed how to "divorce proof" his life
> Soon after, she filed for divorce with John in the state of New Jersey. This was followed by a lawsuit filed against the law firm Seward and Kissel, where Laura claimed that they committed fraud by representing both of them while secretly helping John move billions out of her reach
> To make matters worse, John's relationship with is co-founder, David Siegel, deteriorated around the same time. If Laura wins half of John's stake, she becomes a major owner of the Two Sigma hedge fund empire. This clearly drove some tension between David and John
> More recently, the SEC stepped in and labeled the founders' feud and divorce situation as a material risk to their investors
Key lesson: marry the right person, and if you are going to start a hedge fund that may become successful one day, please sign a prenup beforehand.
Also don't leave your personal journal talking about divorce lying around an unhappy wife!