The "Asset Search News Roundup" for this week focuses on the $1 billion asset forfeiture claim U.S. prosecutors brought against former Stanford Group CFO James F. Davis. This $1 billion dollar claim was initially in the June 18, 2009 criminal information filed against Mr. Davis in U.S.A. v. Davis 4:09−cr−00335−1. The information claimed that
Asset Search News Roundup: August 23, 2009
My August 17th “Asset Search News Roundup” referred to the settlement of the case over the “John Doe” summons served on UBS in Miami. As more fully discussed at “UBS & Its John Doe Summons“, the IRS had brought the case to identify U.S. tax cheats who concealed their UBS bank accounts in
Using Foreign Computer Evidence Against An Accused Hacker
Albert Gonzalez was arrested in the Southern District of Florida on May 8, 2008 pursuant to this warrant:
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Click On The Arrest Warrant To Enlarge It
The arrest arose out of Mr. Gonzalez’s alleged computer hacking / identity theft scheme which was later outlined in a May 14, 2008 New York superseding indictment. This superseding indictment in U.S.A. v. Yastremskiy, et. al., 08-cr-00160, claimed that Mr. Gonzalez and his co-defendants had stolen credit card information through computer intrusions at Dave & Busters, Inc. restaurants. Mr. Gonzalez and / or his co-defendants were accused of violating federal laws including but not limited to: conspiracy (18 U.S.C. §371); fraud related to computers (18 U.S.C. §1030); wire fraud (18 U.S.C. §1343 ); access device fraud (18 U.S.C. §1029); aggravated identity theft (18 U.S.C. §1028A); etc.
Almost three months after the superseding indictment was filed against him in New York, Mr. Gonzalez was next indicted in Massachusetts. According to the August 5, 2008 Massachusetts indictment in U.S.A. v. Albert Gonzalez, 08-cr-10233, Mr. Gonzalez had hacked computers which stored credit card information for BJ’s Wholesale Club, DSW, OfficeMax, Boston Market and others.
Like the New York superseding indictment, the Massachusetts indictment accused Mr. Gonzalez of: conspiracy (18 U.S.C. §371); fraud related to computers (18 U.S.C. §1030); wire fraud (18 U.S.C. §1343 ); access device fraud (18 U.S.C.§1029); and aggravated identity theft (18 U.S.C. §1028A). The Massachusetts indictment also essentially asserted that Mr. Gonzalez had hidden the proceeds of his hacking / identity theft scheme by money laundering through multiple jurisdictions.Continue Reading Using Foreign Computer Evidence Against An Accused Hacker
Asset Search News Roundup: August 17, 2009
The settlement of the UBS "John Doe" Summons case in Miami and U.S. Secretary of State Hillary Clinton’s seven-nation tour of Africa, are covered by the August 17th "Asset Search News Roundup":
- The case described by "UBS & Its ‘John Doe’ Summons" settled last week, as revealed by the docket report in U.S.A.
Eliciting Evidence From Foreign Bank Witnesses
Some post-judgment creditors, divorcing spouses and other private litigants use a domestic summons / subpoena to elicit an adversary’s bank customer information from a foreign bank witness. Under limited circumstances, these private litigants might serve a domestic summons / subpoena, as set forth by the Court in First American Corp. v. Price Waterhouse, 154
Asset Search News Roundup: August 11, 2009
The jury’s August 5, 2009 verdict in U.S.A. v. Jefferson, found former congressman William Jefferson guilty of hiding bribery proceeds by laundering them, as described by the 12th, 13th and 14th counts of his indictment. The August 5, 2009 verdict and a U.S. Department of Justice press release also state that Mr. Jefferson
“During A War Everybody Loots A Little Bit”
“Goering Hoards Nudes, Jingles Emeralds in Catalog of Looted Art“, quotes Reichsmarschall Hermann Goering as having said: “During a war everybody loots a little bit“. The May 28, 1945 Time Magazine article “Art: Goring’s Beauties“, valued Goering’s collection of Nazi-looted art at $200,000,000.
Here is a June 9, 1945
Asset Search News Roundup: August 5, 2009
Bernard Madoff’s wife Ruth, is featured in this week’s "Asset Search News Roundup". I explained in my June 27, 2009 post, "Will Ruth Madoff Keep Her Remaining $2.5 Million In Assets?", that Madoff trustee Irving Picard could file a viable lawsuit against Ruth Madoff. Last week this actually happened, when trustee Picard filed
Concealing Assets By Smuggling Cash
A true beneficial owner may try to hide his / her assets by smuggling cash across a country’s border, into another jurisdiction. My July 27th article, “A Yola, A Police Sergeant & A Restauranteur“, mentioned the issue of smuggled cash. “Smuggling Cash Across Iraq’s Border” and “Offshore Bank Accounts In