John Sculley, the former Apple CEO, is being sued by his ex-wife, Carol, for allegedly hiding $25 million in assets during their 2011 divorce.
According to the court papers, Sculley had claimed that their total marital assets at the time of their separation in 2010 were $4.8 million. But he allegedly didn’t disclose “substantial private equity investments and investments in privately held companies and ventures around the globe.”
The court papers also allege that in the early 2000's, Sculley began having an affair with a former aide from Apple, which is when he began to hide the assets from his ex-wife with the help of two of his brothers.
A statement from a spokesperson for John Sculley provided to Business Insider states:
Media reports which falsely claim that John Sculley hid any assets during his divorce have zero basis in truth. The reality is that this case has been in the court of law for a number of years, and leaking false items to the media in a desire to pressure Mr. Sculley into settling this case is despicable. There is zero truth to these allegations. Mr. Sculley is confident this case will result in a full vindication for him.
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