A list of asset concealment red flags is available at “Asset Search Indicia For Divorce, Debt Collection & Bankruptcy“. This list includes a beneficial owner’s use of shell companies, foreign bank accounts, etc.
Even yet another red flag of asset concealment can be the transfer of assets without any economic benefit, as may happen when there has been a “back-to-back” loan. As set forth in greater detail at “Laundered Assets“, a loan is “back-to-back” when it is secretly fully collateralized and the borrower and the lender are one and the same.
The link chart below also published at “Laundered Assets”, is replete with red flags. Although it has been changed for privacy reasons, this link chart shows how one true beneficial owner hid his / her assets by using: a Liberian shell company; a foreign bank account in Curacao and a “back-to-back” loan disbursed in Amsterdam:
(To Enlarge, Click On The Link Chart)
Copyright 2007-2009 Fred L. Abrams