Porn site co-founder covering his assets? Bang Bus
Posted by Will76, Source: Article www.miamiherald.com - 08/01/2007 05:30:02 PM
Kristopher Hinson, multimillionaire co-founder of the reality porn website bangbus.com, and ex-wife Cherie Hinson, a Miami Beach real estate agent, are back in court. She claims he filed a fraudulent financial affidavit in their 2005 divorce, and she says she's entitled to more money -- upwards of $10 million.
Kris, 34, and Cherie, 29, were married for two years, no kids. The divorce was uncontested.
She now says he provided low-ball figures on his finan cials. Kris listed the value of their five-bedroom waterfront residence at 4750 North Bay Road at $5.55 million. That's what they paid in May '04. She says she did not know he had obtained a ''secret'' appraisal that came in at $9.1 million. She learned of it through a ''quirk of fate'' -- when ``Kris failed to pay for the appraisal and the appraiser, Gary R. Twist, sought payment from [Cherie] at her real estate office.''
She also says Kris may have undervalued his net worth. In a March '05 financial affidavit, he listed it as $13.6 million. But in a November '04 affidavit, he put it at $27.2 million, her attorney, Gerald Kornreich, says in court papers. (Kris' business interests include baitbus.com.)
View the whole story
Kris, 34, and Cherie, 29, were married for two years, no kids. The divorce was uncontested.
She now says he provided low-ball figures on his finan cials. Kris listed the value of their five-bedroom waterfront residence at 4750 North Bay Road at $5.55 million. That's what they paid in May '04. She says she did not know he had obtained a ''secret'' appraisal that came in at $9.1 million. She learned of it through a ''quirk of fate'' -- when ``Kris failed to pay for the appraisal and the appraiser, Gary R. Twist, sought payment from [Cherie] at her real estate office.''
She also says Kris may have undervalued his net worth. In a March '05 financial affidavit, he listed it as $13.6 million. But in a November '04 affidavit, he put it at $27.2 million, her attorney, Gerald Kornreich, says in court papers. (Kris' business interests include baitbus.com.)
