Oct 28
Husband Turns Life Savings Into Gold, Then Dumps It So His Wife Can’t Have It During Divorce
Posted in: Today's ChiliA 52-year-old Colorado Springs man says he converted his life savings — $500,000 — into gold and then tossed it all into a trash bin, all so he could keep it from his wife of 25 years from getting a penny of it in their divorce settlement.
“Damn right I did,” Earl Ray Jones said in a deposition to his wife’s divorce attorney, the Colorado Springs Gazette reported. Jones says he raided the couple’s retirement and investment accounts and converted it all into gold bars and coins — about 22 pounds worth.
Jones then says, during several trips, he took the fortune and tossed it into a trash bin behind a Colorado Springs motel.
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