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 Mr…. Continue Reading
Monthly Archives: August 2009
Asset Search News Roundup: August 23, 2009
Posted in Asset Search News, Financial Institutions, Swiss Banks, Tax FraudMy 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 abusive offshore… Continue Reading
Using Foreign Computer Evidence Against An Accused Hacker
Posted in Asset Search/Fraud Investigation, Identity Theft, Money Laundering, Privacy Laws, White-Collar Crime GenerallyAlbert Gonzalez was arrested in the Southern District of Florida on May 8, 2008 pursuant to this warrant: 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… Continue Reading
Asset Search News Roundup: August 17, 2009
Posted in Asset Search News, Public CorruptionThe 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. v. UBS… Continue Reading
Eliciting Evidence From Foreign Bank Witnesses
Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Assets At Foreign Banks, Financial Institutions, Tax FraudSome 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 F.3d… Continue Reading
Asset Search News Roundup: August 11, 2009
Posted in Asset Forfeiture, Asset Search News, Public CorruptionThe 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 is guilty… Continue Reading
“During A War Everybody Loots A Little Bit”
Posted in Asset Search/Fraud Investigation, Holocaust-Era Assets“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 photograph of part of that art… Continue Reading
Asset Search News Roundup: August 5, 2009
Posted in Asset Search NewsBernard 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 his July… Continue Reading
Concealing Assets By Smuggling Cash
Posted in Asset Search/Fraud InvestigationA 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 Liechtenstein“, also raised this issue…. Continue Reading