A Marriage Cruz on the Rocks

For years Gus Boulis kept a mistress in Florida and a wife in Greece. Now both women and the government are after his millions.

Forget about two decades ago, says Amlong -- the real challenge is figuring out what Boulis is worth right now. Boulis, for his part, has kept everyone guessing with a series of contradicting financial statements that vary wildly:

*According to a loan application Boulis signed in the summer of 1997, he's a very rich man, with a net worth of $90 million.

*In March 1998 he listed his net worth at less than $47 million in papers he submitted to a bank, a drop of $43 million in nine months. Amlong says he still owned the same businesses and real estate, but the values he listed for each dropped precipitously. For instance, his gambling business, SunCruz, was valued at $16.6 million in June 1997. In March 1998 Boulis claimed it was worth only $3.5 million.

"What happened to the $13.5 million?" Amlong asks.
*This past May, he filed a financial statement in the Hren case indicating his net income as negative $165,000 a month and his net worth as $1,457,202, a terribly paltry amount for a man who built a national restaurant chain, is currently developing a $50 million hotel, and runs several multimillion-dollar gambling ships throughout Florida.

*In September he filed another affidavit in the Hren case that pumped his net worth back up to about $45 million, which is about the same as what he claimed in the divorce case last month.

Waldman says he can't account for the disparities in the financial statements, but noted that businesses rise and fall quickly.

"I'm sure it was all accurate at the time, but things change," Waldman says.
There are other inconsistencies in these documents -- including taxes paid, the amount of cash he has on hand -- that have led Amlong to question their veracity.

Boulis wouldn't comment on these matters. Waldman says he's in Greece, on matters not relating to his divorce. But Waldman says Boulis is handling his numerous and serious problems with his two families and the government quite well.

"He does not let this affect him in such a way that he works less or that he cares less," Waldman says. "It's unjustified and unfair. He doesn't deserve this."

Amlong believes he does deserve it, and she wishes he'd just 'fess up. And pay up.

"He can afford to pay whatever Margaret wants," she asserts, "and he can afford to pay Frances Boulis. Should Frances be punished because Gus cheated?

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