Wife Alleged Over $100k in Bitcoin Were Marital Assets, But Appeals Court Sides With Ex-Husband

News | March 21, 2024 By:

On Friday, March 8, 2024, the Court of Appeals of Ohio, Second Appellate District, Montgomery County upheld a divorce decree ruling in the case of Rehmert v. Rehmert.

The case involved a divorce between Barbara Rehmert and Timothy Rehmert, who were married in 2006 and had one child together. Timothy filed for divorce in November 2020. At trial, one of the key issues was determining the date that the marriage effectively ended. Barbara argued it was not until September 2020, when she obtained a protection order, while Timothy said it was in June 2020 when he moved out of the marital home after an escalating argument.

The trial court sided with Timothy and ruled July 1, 2020, as the de facto end date of the marriage based on factors like them separating, maintaining separate residences since June 2020, and only sharing a joint bank account for a short period thereafter to withdraw their own income before closing it.

Another major issue was Barbara’s allegations that Timothy engaged in financial misconduct related to Bitcoin investments. She claimed he concealed over $100,000 worth of bitcoin that were marital assets. Timothy testified that the Bitcoin deposits totaling around $30,000 were actually done on behalf of his then-girlfriend Angelina Barker using her money, as she did not have a bank account. He provided bank statements supporting this.

While Barbara uncovered some Bitcoin receipts and questioned the source of funds, the trial court found Timothy’s testimony credible and ruled the Bitcoin account was not a marital asset subject to division since Timothy had no ownership interest in it. The court also found Barbara did not prove claims that Timothy received a workers compensation settlement or cashed out a life insurance policy.

The appellate court concluded the trial court did not abuse its discretion on these rulings. Namely, setting the July 2020 termination date was reasonable given the evidence and financial misconduct was not found given the lack of wrongful intent or proof that Timothy profited from concealed marital assets related to Bitcoin or other claims. The divorce decree distributing the marital property including splitting retirement accounts evenly was thus affirmed.

Please contact BlockTribune for access to a copy of this filing.