YaVaughnie Wilkins put up giant billboards in New York, San Francisco and Atlanta showing the smiling faces of Charles E. Phillips wiht her. Phillips, who is co-president of Oracle Corp., released a statement Friday admitting to the affair with Wilkins.

The statement said his relationship with Wilkins had ended and his divorce proceedings are underway.

Wilkins apparently believed that Phillips’ divorce was final in 2003.

Do you need help with a divorce or child custody issue? Call the Knoxville divorce lawyers you can trust. We offer free consultations with no obligation. Call today!

News of the split has been public for months, fueled at first by reports in early 2009 that Steve Wynn was dating a younger British woman. The details of their split were later spelled out in a series of company filings that reveal the intricacies of divvying up a fortune worth nearly $4 billion at its height. A January 5th SEC filing shows Elaine P. Wynn, a director at Wynn Resorts since 2002, receiving 11,076,708 shares of the casino company in connection with the couple’s divorce settlement.

Those shares, once held as “community property,” are worth $795 million at the company’s current share price of $72, adding to the $114 million the Wynns realized from stock sales in mid-August.

Some, if not all, of that $114 million will go to Elaine, judging by an August press release, which says the shares “were sold to provide liquidity in anticipation of the change in their marital status.” That pile of dough would leave her with a net worth that approaches $1 billion.

You may not have billions of dollars at stake, but a divorce can wreak havoc on your finances. You need an experienced Knoxville divorce lawyer on your side. Call us today to set up a free consultation with an attorney.