Investigating & Recovering Hidden Money & Other Assets
"Germany Rejects Call for End to Restitution of Nazi-Looted Art" raises the issue of Holocaust-era art restitution. The upcoming "Holocaust Era Assets Conference" in Prague on June 26-30 2009, will of course also deal with the very same thing.
New York’s Museum of Modern Art meanwhile, filed a complaint along with…
This "Asset Search News Roundup" is about the five directors of Aurelia Finance facing a Swiss criminal prosecution because of an alleged investment of $800 million in a Madoff feeder fund; the criminal conviction of / prospective asset forfeiture against the owner of Numero Uno supermarkets; and the billion dollars missing in the R. Allen…
Narco-traffickers who conduct their illicit activities across the U.S.-Mexican border may fall under the Foreign Narcotics Kingpin Designation Act (21 U.S.C. § 1901-1908, 8 U.S.C. § 1182) and Executive Order 12978 of October 21, 1995. Assets are frozen under the Foreign Narcotics Kingpin Designation Act (“the Kingpin Act”), if they are subject to…
Declaration systems are discussed in this "Asset Search News Roundup" because they can be used at border crossings to detect / search for illicit assets concealed by cash couriers or others. The Financial Action Task Force’s "IX Special Recommendation" even mentions that countries should use declaration systems against cash couriers to detect the…
My post "An Asset Search In Geneva" describes different ways one might search for or recover assets even when they are hidden in an offshore jurisdiction such as Switzerland. Just as in the case of assets hidden in a Swiss bank, a letter rogatory / legal assistance request could be used to elicit…
The administrative complaint In The Matter of Fairfield Greenwich Advisors LLC and Fairfield Greenwich (Bermuda) Ltd., Docket 2009-0028, filed today in Massachusetts, is the topic of this "Asset Search Roundup". As a review of today’s complaint reveals, Fairfield Greenwich Advisors LLC and Fairfield Greenwich (Bermuda) Ltd. are accused of being a feeder fund…