At "Asset Search vs. Offshore Asset Protection", I wrote that offshore asset protection services were being used to conceal assets from IRS revenue officers and others. The Senate’s Permanent Subcommittee On Investigations, just issued a 114-page report examining this same issue. The Report entitled, Tax Haven Banks And U.S. Tax Compliance, explains how U.S. tax… Continue Reading
Monthly Archives: July 2008
Pretexting During An Asset Search
Posted in Asset Search/Fraud Investigation, Financial Institutions, Identity Theft, Privacy Laws, White-Collar Crime GenerallyPrivacy and other federal laws generally prohibit pretexting, (the use of false pretenses), when contacting a U.S. bank, phone company or government agency for confidential information. One example of pretexting would be using a false identity while phoning a bank to elicit a bank customer’s personal account information. If an information broker, private investigator, etc…. Continue Reading
Concealing Assets By Conveying Them
Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Divorce & Child SupportAccording to Kohl v. Kohl, the Manhattan District Attorney had investigated N.Y.C. contractor Ted Kohl in 1995 for alleged money laundering, larceny and tax evasion. Mr. Kohl had also been the subject of an asset forfeiture claim because of the District Attorney’s investigation. As a countermeasure to the forfeiture claim, Mr. Kohl conveyed assets to… Continue Reading