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Old 10-29-2013, 11:47 AM   #1
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Default Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce



Daily Mail - A Colorado man has claimed that he converted $500,000 in life savings into gold in May – and threw the lot away. Earl Ray Jones, 52, told a court in July that he threw the treasure into a dumpster behind a Colorado Springs motel to prevent his wife of 25 years getting her share in their divorce settlement.

Jones supplied bank records to prove that the money was indeed converted into gold by a Phoenix, Arizona precious metals dealer. ‘Damn right I did,’ The Gazette reports the 52-year-old former defense contractor huffed at a July deposition.

There were no witnesses to the disposal, said Jones, and he did not take any steps to document it. Jones has been held at the Teller County jail since his September conviction for menacing his now-estranged wife. He is due to be sentenced November 4 for beating his wife and holding her captive in their home during a fight over what The Gazette reports was finances.

The company told The Gazette that under gold prices at the time, $500,000 would have fetched about 22lb of gold. April Jones' divorce attorney, John-Paul Lyle told The Gazette, 'We say that when people are divorcing, they enter a state of temporary insanity. But on a scale of 1 to 10, this is my 10.'

Colorado Springs attorney Phil Dubois told The Gazette that it's unlikely Jones would have sacrificed the money. 'Based on normal human conduct, one would believe that it's out there somewhere, and that he knows where it is,' Dubois said.
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Old 10-29-2013, 11:52 AM   #2
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Default Re: Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce

Where is this dumpster?

I need to check that out.
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Old 10-29-2013, 12:25 PM   #3
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Default Re: Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce

One man's trash is another man's treasure.
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Old 10-29-2013, 12:42 PM   #4
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Default Re: Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce

epic.
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Old 10-29-2013, 01:19 PM   #5
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Default Re: Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce

I wonder where he buried the gold?


I say that because noone is that stupid.

He likely saw Die Hard: With a Vengence.



I wonder if a metal detector can pick it up and I would definitely look for fresh plots near his home or land that he owns.
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Old 10-29-2013, 01:33 PM   #6
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Default Re: Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce

Quote:
Originally Posted by GH View Post
I wonder where he buried the gold?


I say that because noone is that stupid.

He likely saw Die Hard: With a Vengence.



I wonder if a metal detector can pick it up and I would definitely look for fresh plots near his home or land that he owns.
yes. quality ones will. i am betting he has a friend with fresh dirt turned over in his yard.
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Old 10-29-2013, 02:01 PM   #7
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Default Re: Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce

Quote:
Originally Posted by GH View Post
I wonder where he buried the gold?


I say that because noone is that stupid.

He likely saw Die Hard: With a Vengence.
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Old 10-29-2013, 02:02 PM   #8
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Default Re: Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce

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Old 10-29-2013, 04:05 PM   #9
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Default Re: Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce

Anyone want to go on a treasure hunt in Colorado?
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Old 10-29-2013, 04:09 PM   #10
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Default Re: Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce

He's smarter than that. He did in fact buy gold and it is stashed somewhere that only he knows about. He'll revisit that spot in a few years and claim his prize.
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Old 10-29-2013, 08:12 PM   #11
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Default Re: Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce

I hope we reference everything
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Old 10-29-2013, 09:06 PM   #12
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Default Re: Man Reportedly Throws $500K of Gold in Dumpster so Wife can't get it in Divorce

Smart guy
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