When an asset search uncovers that a divorcing spouse or ex-husband may be fraudulently hiding assets, it can lead to a civil RICO case. Plaintiff Christa Ritter’s asset search of her ex-husband for example, ended in the filing of such a RICO case in Ritter v. Klisivitch et. al., Index # 2:06 CV 05511,
February 2008
Money Laundering In Philadelphia
By Fred Abrams on
Posted in Money Laundering
As the Philadelphia Inquirer reported on January 18, 2008, ex-Philadelphia lawmaker German Quiles, his wife and daughter, were recently convicted of money laundering in U.S. District Court. According to a July 13, 2007 Department of Justice press release, the Quiles’ family had earlier been indicted for laundering about $175,900 dollars between Philadelphia and…
The Gramm-Leach-Bliley Act & An Asset Search
By Fred Abrams on
The Gramm-Leach-Bliley Act (GLBA) at 15 U.S.C. § 6801 et. seq., protects the privacy of customers who provide information to U.S. financial institutions. Although there are some important exceptions mentioned at 15 U.S.C. §6821(c) – (g), GLBA restricts access to “nonpublic personal information” like bank account numbers, account balances, etc. In some cases,…
An Asset Search In Israel
By Fred Abrams on
Posted in Asset Search/Fraud Investigation, Money Laundering
Given news reports like the September 27, 2007 Reuters’ article about money laundering in Israel, I am never surprised when an asset search reveals that a bankruptcy debtor, a divorcing spouse or other person has washed money through Israel. In one case for example, (the facts of which have been sanitized / changed herein), the…