#561 - Spouses in divorce proceedings are using cryptocurrency to hide money. Here’s how experts find it

The dramatic rise of cryptocurrency has led to some spouses hiding those digital assets during divorce settlements, and tracking down the funds isn’t easy, experts say.

More than 20 million Americans may own cryptocurrency, industry groups say, and digital currency market values grew to a record $2 trillion in April. These spikes may be enticing more spouses in divorce proceedings or those thinking about divorce to conceal their stash, experts say.  

“I’m sure it’s been an issue the whole time,” says Sandra Radna, a divorce attorney based on Long Island, New York. “The level of awareness for divorce attorneys is very recent.”

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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