In this case, former Merrill Lynch CEO Stan O’Neal, who just transferred complete ownership of his $20 million Park Avenue Co-Op to his wife, because he has been targeted in class action suits of disgruntled investors who claim that he misled them about Merrill’s exposure to toxic debt securities, and he wants to shield it from lawsuits.

If this is the case, this is a criminal conspiracy, and both he and his wife should be frog marched out of their swanky Park Avenue digs in handcuffs.

If they are getting a divorce, then there is no conspiracy, and they are just divvying up their life, and I hope he’s left with nothing but a pair of shoes.