Monthly Archives: March 2010

An Ex-Watch Manufacturer & His Nominee Bank Accounts

By Fred Abrams on March 28th, 2010 Posted in Asset Search/Fraud Investigation, Financial Institutions, Swiss Banks, Tax Fraud

Bank customers sometimes hide their assets offshore in nominee bank accounts located in high-risk geographical locations like Switzerland. One such bank customer was ex-watch manufacturer Jack Barouh of Golden Beach, Florida. As a February 4, 2010 press release basically explained, Mr. Barouh was accused of hiding undeclared revenue from the IRS during an abusive offshore… Continue Reading

Asset Search News Roundup: March 21, 2010

By Fred Abrams on March 21st, 2010 Posted in Asset Forfeiture, Asset Search News, Public Corruption

Today’s "Asset Search News Roundup" reports on "Operation Illegal Motion" and describes the recovery of a 3,000-year-old sarcophagus: A press release mentions that Robert L. Stevens of Baton Rouge, Louisiana, was the 10th person criminally charged as a result of "Operation Illegal Motion". Operation Illegal Motion is a public corruption probe of the criminal court… Continue Reading

Asset Search News Roundup: March 14, 2010

By Fred Abrams on March 14th, 2010 Posted in Asset Search News, Public Corruption, Securities Fraud

The March 14, 2010 "Asset Search News Roundup" first highlightsex-Detroit councilwoman Monica Conyers and then mentionsMadoff Trustee Irving Picard: *As The Wall Street Journal describedat "House Judiciary Chairman’s Wife Sentenced to Prison"and "Lawmaker’s Wife Sentenced to Jail",ex-councilwoman Monica Conyers was sentenced to 37 months of prison for her public corruption scheme. "Public Corruption Charges Against… Continue Reading

Mr. Cook Continues His Incarceration For Civil Contempt

By Fred Abrams on March 13th, 2010 Posted in Asset Search/Fraud Investigation, Securities Fraud, White-Collar Crime Generally

After I wrote my November 28th, 2009 "Asset Search News Roundup" about Minneapolis money manager Trevor Cook, he was incarcerated on January 25, 2010 for civil contempt of court. As the Court stated in its January 25, 2010 Opinion, the Securities and Exchange Commission and the Commodity Futures Trading Commission previously filed for injunctive relief… Continue Reading

Asset Search News Roundup: March 7, 2010

By Fred Abrams on March 7th, 2010 Posted in Asset Search News, Money Laundering, Public Corruption, White-Collar Crime Generally

This "Asset Search News Roundup" focuses on "politically exposed persons", some of whom would launder corruption monies. "Stolen Asset Recovery: Politically Exposed Persons, A Policy Paper On Strengthening Preventative Measures" was published in 2009 and it is available at the Stolen Asset Recovery Initiative’s website. The 2009 policy paper stated at page 17: "[I]f, as… Continue Reading

The Former Premier’s Nexus To Hip Hop Weekly Magazine

By Fred Abrams on March 5th, 2010 Posted in Asset Search/Fraud Investigation, Public Corruption, The Former Premier & Hip Hop Weekly Magazine, White-Collar Crime Generally

At "Target Of Corruption Probe Sues Hip-Hoppers For Supposed Fraud", I first mentioned the nexus between former Turks & Caicos premier Michael Misick and Hip Hop Weekly Magazine. The Forbes article "The Premier And The Hip-Hop Magazine" discussed the same thing and also quoted me. This article specifically examined the Former Premier’s alleged investment in… Continue Reading