'Mrs X' siphoned off $3 million from her vulnerable husband

AS she smiled for the camera, the bride knew her wicked plan was on track. Soon she would fleece her new husband of his millions and be set for life. 

Dressed in a demure gown and holding a simple bouquet, the bride exchanged vows with the man before her, and in the eyes of the law, became Mrs X.

For legal reasons, The Sunday Mail cannot name the South Korean woman or her husband.

Lonely after the death of his second wife, the Brisbane man, 82, was pining for companionship, and in May 2011, Mr X met his wife-to-be.

The millionaire's deteriorating health was a blessing and a curse for the 55-year-old bride.

Mr X, once an astute and successful businessman, began losing his short-term memory and the ability to make complex decisions after he suffered two strokes in 2011.

It meant sometimes he also forgot he was married or the name of his new wife.

 

Between July and November 2011 - only weeks after they met - Mr and Mrs X married three times, in South Korea, Australia and the US.

 

It wasn't long after their first ceremony that Mrs X began transferring cash from Mr X's bank accounts into new accounts that she had set up.

Queensland Supreme Court documents reveal Mrs X moved the money to South Korea, then back to Australia to fund a new company.

Within eight months she had siphoned more than $3 million out of her husband's accounts and bought three businesses in Brisbane and properties in South Korea.

Mrs X knew arrangements were in place at Suncorp's Chermside branch that prevented large amounts of cash being transferred without "certain protocols'' being met, so each time she took her husband to different branches in Queensland and NSW to move his money.

If it wasn't for the man's family, and their application to appoint the Public Trustee as the official administrator of his assets, the "unconscionable'' fraudster would have stolen more and got away with it.

Now the Public Trustee has sued her and her company for dishonestly stealing her husband's money.

And on October 9 last year, becoming concerned that the South Korean national had advised she would soon leave Australia, the Public Trustee sought and won orders that froze her and her company's assets and interests. It also seized her passport.

But the woman's passport was returned when she gave assurances to the court she would return to Australia by October 26 to give evidence.

The next day she left the country and has not returned.

In December, Justice Anthe Philippides ordered she repay the Public Trustee more than $3 million on behalf of the ageing Brisbane man.

"I am satisfied that (she) implemented a scheme to orchestrate and effect the transfer of moneys to her and (her company),'' Justice Philippides said.

"I am satisfied that (Mrs X) . . . (deliberately took advantage and exploited her husband's) known vulnerability and mental impairment.''

On January 15, Mrs X filed an appeal but is is not known if the court will grant her leave to file the matter.
Mr X now receives 24/7 care in his home and cannot recall the cruelty inflicted upon him.

thecouriermail.com.au 3 Feb 2013

This kind of behaviour is not limited to Asian brides, but also occurs on a greater scale with native Australians.

Information has been obtained from legal sources, that approximately 40% of marriages are of false pretenses, where the only objective of the female is to financially ruin the male.

The financial ruin can occur on many levels, one is just to buy the time and claim 50%, or the other is to have children, then to be set up for the next 18 years living from the child maintenance.

Vexatious women are also known to falsely claim physical abuse, after their rage and ultimatums like" If you do not give me another child, I'm leaving you."

Reports from police from the suburbs indicate that 80% of domestic disputes are as a result of financial stress.

The law is fully aware of the machinations used by women to entrap men, but does nothing about this, as this would mean less work for lawyers, i.e. bad for business.

Once entering the law courts, the male is considered guilty or the aggressor, and must prove his innocence, and not as the catch phrase in the mass media suggests "Innocent until proven guilty".

The legal system is set up in such a manner that the (vulture) lawyers win and not the client.