Recognizing Nominees As Part Of An Asset Search
In "Nominees & Hidden Assets" I emphasize the fact that some beneficial owners hide their assets through nominees (i.e. representatives). I wrote "Nominees & Hidden Assets" because recognizing a beneficial owner's use of nominees can be critical to a successful asset search, debt collection proceeding, etc. Other articles I have written separately show that people from a broad range of backgrounds might possibly use nominees to hide assets.
"Three African Heads of State Sued For Hiding Assets" discusses President Denis Sassou-Nguesso, President Obiang Nguema and late President Bongo, all of whom had been accused of using nominees to hide assets in France. "Laundering Holocaust-Era Art?" raises the issue of whether a former vice president and director of MoMA had used N.Y. art gallery owner Curt Valentin in 1939, as the nominee purchaser of Nazi-looted art transferred in Switzerland.
"A Divorce & Trade-Based Tax Fraud / Money Laundering" is about the trade-based tax fraud and money laundering scheme formerly facilitated through CNC Associates, Inc.-- which had been a nominee of California industrialist Mr. Gene Haas. My August 11, 2009 "Asset Search News Roundup" additionally reports that former congressman William Jefferson had likely used various companies as nominees, in connection with his particular crimes.
Finally, although I have mentioned the link chart below in my previous articles, I do so once again. I now refer to it because the same highlights how one divorcing husband hid marital assets by using a nominee shell company along with "bearer shares". Said link chart and the divorcing husband's formation of that nominee company, are more fully discussed at: "Bearer Shares & An Asset Search".
(Click On The Link Chart To Enlarge It)
Copyright 2009 Fred L. Abrams
