"Asset Search News Roundups" from this year on January 10, March 17, March 25, April 1, etc., raised a variety of issues related to Bernard Madoff. My very last post, (i.e. "Will Ruth Madoff Keep Her Remaining $2.5 Million?), was also connected to him. I again mention Bernard Madoff, among other
Will Ruth Madoff Keep Her Remaining $2.5 Million In Assets?
As a Reuters article suggests, the Court made a June 26 Order which directed Mr. Madoff to forfeit $170 billion in assets. The U.S. Attorney’s Office is also no longer seeking forfeiture of all of the assets of Bernard Madoff’s wife, Ruth. It is Instead permitting Mrs. Madoff to retain $2.5 million of her assets
Asset Search News Roundup: June 25, 2009
On October 6, 2008 I wrote that an asset search / investigation focusing on Nazi-looted art could culminate in a Holocaust-related art restitution case. Holocaust-era art restitution cases are also going to be discussed at the “Holocaust Era Assets Conference“, which starts tomorrow. This conference is being held in the Czech Republic and
2000 Pieces Of Art Subject To Asset Forfeiture Claim
Ernst & Ernst Collector’s Gallery owner Donald Dean Seybold, might forfeit 2000 pieces of fine art which include: paintings, prints, sculptures, plates and books. Mr. Seybold could also end up forfeiting: a Las Vegas time share, a jeep, a sports utility vehicle and $3.2 million dollars.
Federal prosecutors are seeking asset forfeiture of these items
Asset Search News Roundup: June 19, 2009
Today’s "Asset Search News Roundup" discusses yesterday’s arrest and indictment of Mr. Allen Stanford, who was the subject of my very last blog post. Just as Bernard Madoff was accused of money laundering, so is Mr. Stanford. Mr. Stanford has among other things, been indicted pursuant to 18 U.S.C. §1956 (h) (Conspiracy to commit
Competing Over Mr. Allen Stanford’s Assets
Suspected Ponzi schemer Allen Stanford may have facilitated one of the largest financial frauds known to date. Any receivers, investors or other stakeholders with claims against Mr. Stanford under bankruptcy or other laws, are of course trying to interdict Stanford’s assets. As I mentioned in my "March 25, 2009 Asset Search News Roundup"
Some Asset Search & Recovery Basics
Have the methods mentioned at “Asset Search Indicia For Divorce, Debt Collection & Bankruptcy“, been used to hide assets during a financial fraud? Are there any red flags that assets are being fraudulently concealed? Finding answers to these questions can be critically important if you are trying to recover: marital assets; probate assets
Asset Search News Roundup: June 13, 2009
A financial transfer through multiple jurisdictions which lacks any economic benefit, may especially be a red flag that assets have been hidden. Although a variety of people sometimes use multiple jurisdictions to hide assets, this "Asset Search News Roundup" is about the front and / or shell companies reportedly used by the Fabio Enrique Ochoa
Recovering Art Illicitly Transferred To New York City
Like diamonds, art can be used as a portable valuable commodity to illicitly transfer value to another jurisdiction. The following seven Egyptian artifacts were for instance, stolen from the Bijbels Museum in Amsterdam on July 29, 2007 and then ultimately transferred to a New York City auction house:
The seven artifacts depicted above were however,
Asset Search News Roundup: June 7, 2009
My post "Asset Search & Fraud Investigation" mentions an August 1, 2006 report on offshore tax haven abuses. Pages six to seven of that 2006 report claimed that Quellos Group LLC hid $2 billion in capital gains from the IRS. After the report was issued, Quellos was acquired by BlackRock Inc. on October