Perhaps now is as good a time as any for your son to learn the true value of money ie NOTHING!!, compared to living with people who love him and care for him and his wellbeing.
Your son no doubt is not stupid, and will see quite clearly that his mother is trying to blackmail him to stay. She has made a terrible, terrible mistake and one day she just might wake up and realise the damage she has done.
Don't let money cloud the issue, you need to work out if him living with you is the best option, and if it is, then start doing the legal stuff required.
Good luck, I can imagine it must be really frustrating dealing with an ex who thinks like that.
Illuc ivi, illud feci.
Buggrim, Buggrit.
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