Monthly Archives: October 2007

An Asset Search In Switzerland

By Fred Abrams on October 25th, 2007 Posted in Asset Search/Fraud Investigation, Divorce & Child Support, Financial Institutions, Money Laundering, Swiss Banks, White-Collar Crime Generally

A former Criminal Intelligence Specialist at Scotland Yard confirmed that the divorcing husband was hiding millions from his wife by using bank accounts in Switzerland. The husband’s true beneficial ownership of these funds had been concealed by a nominee (i.e. intermediary). This nominee had opened the Swiss bank accounts in the names of shell corporations. … Continue Reading

Divorce, Child Support & Reporting Tax Fraud

By Fred Abrams on October 19th, 2007 Posted in Divorce & Child Support, Tax Fraud

When the divorcing husband admitted in his affidavit that he had not paid taxes, the judge in Hashimoto v. De La Rosa, 2004 slip op. 51081(Sup. Ct. N.Y. County, June 23, 2004) reported him to the I.R.S. In Beth M. v. Joseph M., 2006 slip op. 51490 (Sup. Ct. Nassau County, July 25, 2006), the… Continue Reading

Asset Search Indicia For Divorce, Debt Collection & Bankruptcy

By Fred Abrams on October 14th, 2007 Posted in Asset Search/Fraud Investigation, Bankruptcy, Divorce & Child Support, Money Laundering

People don’t typically think of the common money laundering indicia when searching for hidden assets the subject of a: divorce; bankruptcy; commercial collection or other legal proceeding. Such indicia can be effectively used as part of an asset search / recovery effort even in situations where there is no money laundering. In the United States,… Continue Reading

Fighting Financial Fraud At UK Banks

By Fred Abrams on October 8th, 2007 Posted in Financial Institutions, Identity Theft, Money Laundering

In the United States, the Financial Crimes Enforcement Network regulates the customer identification procedures, (a.k.a "know your customer rules"), at banks. In order to clarify these procedures, the Financial Crimes Enforcement Network issued guidance in January 2004. These customer identification procedures codified at 31 C.F.R Part 103.121, demonstrate that there is no discretion as to what information… Continue Reading

Bankruptcy Fraud, Money Laundering & Hidden Assets

By Fred Abrams on October 5th, 2007 Posted in Bankruptcy, Money Laundering

According to page nine of the 2005 U.S. Trustee’s Annual Report: "Every year since 1996, more than one million individuals and businesses have filed bankruptcy, making the bankruptcy caseload the largest in the federal court system". Since it detects and combats bankruptcy fraud, the U.S. Trustee Program is a critical part of the bankruptcy court… Continue Reading