So as we all know, sh*t has hit the fan with Larry King and his wife Shawn Southwick. For starters, there was no prenup and Cali law states it’s a 50/50 split of all money accrued during their marriage. But, that’s nothing compared to the fact that Larry was reportedly banging Shawn’s younger sister Shannon Engemann!

One source intimately familiar with the situation tells us Larry bought wildly expensive gifts for Shannon Engemann, including a $160,000 car and “tons of gifts from Cartier.” We’re told Larry used his credit card to purchase many of the gifts. The credit card bills were paid by Larry’s business manager.

We’re told Shawn started looking at the statements, saw a Cartier diamond necklace, and then told a friend, “He never gave me a diamond necklace.”

So began 5 years of never-ending drama. Friends tell TMZ there were numerous instances where the couple was fighting, sometimes physically. One friend recalls an incident outside of Nate ‘n Al in Beverly Hills a year and a half ago where the couple was “punching each other.”

Source