Article with reference to court documents associated with FD financial situation:
New Canaan: Jennifer Dulos’ estranged husband fails to make bail after years of business trouble
From above article:
"In addition to the Tudor home, Fore Group lists for sale the 15,000-square-foot Farmington manse that Dulos uses as his company’s address. The property last appraised at $2.2 million and is co-owned by Jennifer Dulos, according to the most recent records posted online by the town of Farmington".
"Documents in the couple’s
two-year divorce case reveal that Dulos claimed to have assets of less than $400,000 against total liabilities between $4.9 million and $7.6 million, the latter figure including what is described as contingent debt".
"According to court filings in the divorce, Fotis Dulos claimed “to be in dire financial circumstances” and that the Fore Group, which he is the sole shareholder of, may qualify for bankruptcy. Dulos also said the “Fore Group has not generated any cash flow in 2019,” according to court documents".
"However, Jennifer Dulos’ attorney filed a response saying Fotis Dulos had not been paying the mortgage of their Farmington home, but allowed his girlfriend to live in the residence without paying rent. His girlfriend, Michelle Troconis,
has also been charged in Jennifer Dulos’ disappearance".
"Fore Group has also incurred multiple lawsuits, including one filed in January 2018 by the mother of Jennifer Dulos who claims Fotis Dulos
failed to repay nearly $2 million in loans from her late husband, Hilliard. Fotis Dulos used the money to purchase and develop properties".
"Hilliard Farber died in January 2017, having spent the bulk of his career running a New York City-based securities broker-dealer firm, which was acquired in 2008 by TradeWeb".
"In the case of a Hemlock Hill Road home in New Canaan, Gloria Farber claimed Dulos failed to repay $1 million he owed on a $1.5 million loan from 2015. The same lawsuit alleged that Dulos owed another $670,000 on a loan from 2009. However, Dulos claims in documents filed by his attorneys that the funds were gifts and not loans".
"Farber is seeking $2 million, with a judge granting a legal attachment of $500,000 against Fore Group in advance of a full trial scheduled for this December. Fotis Dulos’ attorneys have spent the past several weeks seeking a court order to depose Jennifer Dulos’ mother".