Stallone’s ex-wife accuses him of financial wrongdoing in court documents

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by Sylvester Stallone Ex-wife Jennifer Flavin says she deserves more than half of the couple’s assets in their Florida divorce because the ‘Rocky’ star allegedly squandered their assets, according to court documents.

“The husband engaged in the intentional dissipation, depletion, and/or waste of marital assets, which adversely impacted the marital estate economically,” the August 19 divorce petition reads, arguing that Flavin , 54, is expected to get a bigger share. cake in the sharing of wealth.

Stallone, 76, is worth an estimated $400 million through his movies, real estate deals and various businesses.

Flavin, a former model from the San Fernando Valley area of ​​California, has remained largely out of the public eye while raising their three daughters.

Sylvester Stallone’s wife files for divorce after 25 years of marriage

Sylvester Stallone and Jennifer Flavin, seen in 2019, reportedly had marital issues for years before she filed for divorce last week.
(Marc Piaseki)

Under Florida law, she is entitled to 50% in the event of a divorce, and the former couple have amassed significant wealth over the 25 years of marriage.

“There is obviously an allegation of wrongdoing,” said Valentina Shaknes, partner at the matrimonial law firm Krauss, Shaknes, Tallentire, Messeri LLP.

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The divorce petition clause doesn’t specify how Stallone would have blown the couple’s funds, but, Shaknes said, “it could be anything from gambling to supporting other significant people if there’s a girlfriend or something.”

Flavin and Stallone married in 1997 when she was 29 and he was 51 at the Dorchester Hotel in London. However, there have been problems in heaven recently, with Flavin pictured in Los Angeles without her wedding ring 11 days before she filed for divorce.

Actor Sylvester Stallone and wife Jennifer Flavin attend the 2016 LACMA Art + Film Gala at LACMA on October 29, 2016 in Los Angeles, California.

Actor Sylvester Stallone and wife Jennifer Flavin attend the 2016 LACMA Art + Film Gala at LACMA on October 29, 2016 in Los Angeles, California.
(Photo by Jason LaVeris/FilmMagic)

A few days later, Stallone was photographed covering a portrait of Flavin on his right bicep with the face of his late beloved dog Butkis, who appeared alongside him in “Rocky.”

Flavin’s divorce attorney, Jeffrey Weissman, is known in the wealthy enclave of Palm Beach for representing very wealthy clients.

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Abigail Beebe, a Florida matrimonial attorney, agreed there appears to be an allegation of financial misconduct. “That language is a standard language, but unless it’s something they think happened, it wouldn’t be included that way,” she said.

The filing further seeks an order prohibiting Stallone from selling or transferring his assets during the proceedings.

Sylvester Stallone punches Dolph Lundgren in a scene from the movie

Sylvester Stallone punches Dolph Lundgren in a scene from ‘Rocky IV’, 1985.
(United Artists/Getty Images)

The high-profile divorce is notable for its publicity, Beebe told Fox News Digital. In Florida, when people who are rich or famous separate, they normally file after they have worked out the details of their separation.

“Look at Jeff Bezos,” she said. “When we learned of his divorce, it was already over.”

To avoid the spotlight, Flavin could also have filed elsewhere in Florida as long as both parties agreed to the location change, she said.

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In the petition, Flavin requested “exclusive use and occupancy” of the former couple’s 13,241 square foot waterfront home, which cost them $35 million in 2020.

Actor Sylvester Stallone with his daughters Scarlet Rose, Sophia Rose and Sistine Rose at a Golden Globe Awards party on January 8, 2017 in Beverly Hills, California.

Actor Sylvester Stallone with his daughters Scarlet Rose, Sophia Rose and Sistine Rose at a Golden Globe Awards party on January 8, 2017 in Beverly Hills, California.
(Photo by Matt Winkelmeyer/Getty Images for InStyle)

The ‘Rambo’ star has no shortage of alternative accommodations. He can retire to California, where he lost $18.2 million on a Hidden Hills mansion in March.

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Flavin has not publicly commented on the split, while Stallone told Fox News Digital, “I love my family. We are addressing these personal issues amicably and privately.”

Tracy Wright and Larry Fink contributed to this report.

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