Why does Sylvia fake her death?

To expose her husband's murder plot and reclaim her company.

How does the husband use Sylvia's money?

He bids on her assistant at a charity auction to pursue an affair.

Outbidding my Cheating Husband

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Outbidding my Cheating Husband — A betrayed billionaire stages her demise to trap the husband who poisoned her for her empire.

Sylvia, a billionaire CEO, grants her husband unrestricted access to her fortune. He exploits that trust by spending her money to court her assistant at a charity auction. The infidelity masks a lethal scheme: he has spent years administering poison to kill Sylvia and seize her company. Convinced the toxin has succeeded, the pair celebrate their triumph. Unbeknownst to them, Sylvia has staged her death and observes their growing recklessness from hiding, preparing a decisive counterstrike.

Quick answers

Why does Sylvia fake her death?: To expose her husband's murder plot and reclaim her company.
How does the husband use Sylvia's money?: He bids on her assistant at a charity auction to pursue an affair.