The CEO of the $43.5 million publishing company was left with almost nothing after the younger woman continued to drain accounts
Ex-CEO of Simon & Schuster, 91, who was worth $43 million, marks his ex-wife ‘The Grinch’ after she “drained bank accounts to next to nothing even after their split,” lawsuit alleges
- Former CEO of Simon & Schuster publishing house Richard E. Snyder accuses his younger ex-wife, 30 years his junior, of cleaning up his bank accounts
- Snyder claims ex-wife Terresa Liu emptied his bills by using his ATM card in countries around the world while he was hospitalized with deteriorating health
- Couple split in 2018 but never actually divorced, Snyder claims he was so sick he had no idea his bills were being emptied to the tune of $3 million
Richard E. Snyder, the former CEO of publishing company Simon & Schuster, claims his ex-wife, who is some 30 years his junior, got him into “financial trouble.”
Snyder alleges that Terresa Liu Snyder drained his wealth, once worth $43.5 million, by claiming that she wiped his accounts and even stole frequent flyer miles from his accounts.
Snyder was 72 when he met Liu, who was 42 in 2004. The couple married and remained together for ten years before Liu filed for divorce against him in 2018, when he was 86 and she was 56.
After the split, Liu received $10 million, which Snyder claims was a significant portion (about 75 percent) of his remaining net worth.
But according to Snyder’s legal filing, even after the divorce, Liu proceeded to cheat on him by giving him “the false hope of a continued relationship” while allegedly going on to siphon off another $3 million.
Former CEO of publishing house Simon & Schuster, Richard E. Snyder, accuses his younger ex-wife, some 30 years his junior, of cleaning up his bank accounts
Snyder claims his ex-wife Terresa Liu emptied his bills by using his ATM card in countries around the world while he was hospitalized and his health continued to deteriorate
Snyder, now 91 years old, has since compared her actions to those of The Grinch.
āLike The Grinch who left no crumb or morsel, she even emptied his 300,000+ mile frequent flyer account for days before abruptly shutting down [Snyder],ā Snyder said in the lawsuit.
Liu is also accused of abandoning him abruptly and traveling to several countries, including Switzerland, Greece, Italy and England, and making large cash withdrawals using Snyder’s ATM card.
Snyder also alleged how Liu had failed to care for him in October 2020 when she left him in the hands of their housekeeper before not visiting him while he was hospitalized for sepsis. Snyder suffered a “complete loss of vision” due to an untreated detached retina.
Richard E. Snyder was the former CEO of Simon & Schuster publishing house. Pictured is the company’s headquarters in Manhattan
Legal documents viewed by the New York Post states that it was not until Snyder’s son, Matthew, came to his aid that he discovered the various financial problems.
Snyder had outstanding debts, was being pursued by a collection agency, faced lawsuits that Liu allegedly dismissed, and collected $65,000 in city fines related to the damaged facade of their Upper East Side townhouse.
Snyder found himself in $1.5 million debt as a result of the disputes, but claims the true cause of his financial ruin was Liu working systematically to drain his account, all without his knowledge.
Eventually, Snyder’s son moved him to Los Angeles, where a doctor judged him to be in “a deplorable state of health.”
The lawsuit alleges that Liu “took advantage of her ex-husband when he got sick and got away with it for years because of his disability.”
Snyder is now seeking $3 million in damages from Liu, who lives in Manhattan’s Central Park South.