Simkin, who divorced blank in 2002 but took two years to finalize a contentious settlement, ended up paying her $6.6 million in total. He kept the $5.4 million Madoff account. But he now contends that Blank should repay him $2.7 million, as he never would have paid her the money had he known the account would prove to be a worthless Ponzi scheme.
Let's get this straight: In 2004, Simkin insisted on keeping the account and paying Blank cash, rather than letting her share in any of the gains from Bernie Madoff's investing genius. Now that Madoff's been revealed as a fraud, he wants Blank to share the loss.