Hedge fund executive John Overdeck has reportedly bought a $72 million waterfront mansion in Palm Beach while his divorce from Laura Overdeck continues. The purchase has attracted attention because Laura has accused him of concealing assets, although the article does not establish that the property was improperly acquired or hidden.

The 16,000-square-foot estate was bought through a Delaware limited liability company and includes six bedrooms, a swimming pool, a deepwater dock and extensive waterfront frontage. Public records indicate Overdeck lives there with financier Kimia Shadrokh, while his estranged wife is seeking $6.2 billion after their nearly 20-year marriage; Overdeck has reportedly offered about $723 million in cash.