The family of a man once claimed to be worth £400 million maybecome squatters in the family home after he stopped paying the £10,000 per month rent on their London flat.
The man’s former wife has been served with a possession notice and her ex-husband has also stopped paying their teenage daughters’ school fees, claiming that the credit crunch has wiped out his fortune. The High Court has granted him an extension of time (until 9 November) to produce evidence that his financial circumstances have changed following his claim that he was suffering from a mental breakdown.
His ex-wife also alleges that the property in which she and their daughters live is not in reality owned by a couple form New York, who are shown as owners and who sought the possession order, but by her former husband.