Investigating & Recovering Hidden Money & Other Assets
The instant "Asset Search News Roundup" mentions a suspected tax cheat who may have absconded to Costa Rica; Switzerland’s release of $60 million belonging to a leading Pakistani politician; and that software designed to combat financial crime is being tested in Australia:
…
Ndubuisi Joseph Okafor, M.D., had practiced primary care medicine through the Okafor Group in the Washington D.C. metropolitan area. He was however, sentenced in U.S.A. v. Okafor, to 65 months in prison followed by three years of supervised release for health insurance fraud and tax evasion. He was also ordered to pay restitution in…
This week’s roundup highlights three different matters in which assets were hidden by a "john" patronizing prostitutes; a Pakistani national engaged in terrorist financing; and an attorney from Utah:
…
In "Army Major Arrested For Money Laundering", I described how Major John Cockerham and his wife Melissa Cockerham were prosecuted for a bribery / money laundering scheme. According to their indictment, Major Cockerham had taken bribes as an Army Contracting Officer in Kuwait while awarding contracts for bottled water, etc. Since their indictment, …
A litigant demonstrating that an adversary has hidden assets offshore, bears the burden of proof in court under Federal Rule of Evidence 301 or other evidentiary rules. Such a litigant may be able to satisfy this burden with admissible evidence like authenticated copies of an adversary’s offshore bank account records. Evidence like admissible copies of…
Class-action attorney Richard Scruggs was well-known for his litigation against the tobacco industry, HMOs, State Farm Insurance and many others. On June 27, 2008, he was however, sentenced to five years of prison for conspiring to pay a $50,000 bribe to Mississippi Judge Henry L. Lackey of the Third Circuit Judicial District Court…