It sounds like he either cooked the books or hid assets. If this has not been too long since the divorce/name change of the business and if the business still has the same clientelle, she should go back to court and seek a contempt order or file fraud charges and ask that she get all of the business assets now since he fraudulently hid them from her. Here is the issue, though. As Vice President, she was also in a position to know how profitable the company was and the court may need a full forensic accounting at her cost of both businesses to see what she may be entitiled to in the amended divorce decree (which is what she needs to file).