This "Asset Search News Roundup" features France’s richest woman; a retired Orlando police officer; and actor Wesley Snipes: "Police question French heiress over scandal" reports that France’s richest woman,L’Oreal heiress Liliane Bettencourt, is suspected of hiding assets from French tax authorities. Among other things, French authorities are believed to be investigating whether the heiress could… Continue Reading
Monthly Archives: July 2010
Is There A “John Doe” Summons In HSBC’s Future?
Posted in Asset Search/Fraud Investigation, Financial Institutions, Swiss Banks, Tax FraudMy July 11th "Asset Search News Roundup" mentioned that U.S. prosecutors were investigating HSBC since some U.S. taxpayers were suspected of using foreign HSBC bank accounts to facilitate tax frauds. Swiss prosecutors meanwhile, are separately investigating whether former HSBC employees Hervé Falciani and Georgina Mikhael had illegally accessed bank customer information at HSBC in Geneva. … Continue Reading
Asset Search News Roundup: July 20, 2010
Posted in Asset Search News, Tax FraudAlleged medicare fraud, joint tax audits and recovered art are discussed by this "Asset Search News Roundup": Federal prosecutors announced Friday that ninety-four people were charged with participating in an alleged attempt to defraud the Medicare program out of $251 million. A Department of Justice press release explained that arrests related to the case were… Continue Reading
Peter Madoff & His Competing Claimants
Posted in Asset Search/Fraud Investigation, Bankruptcy, Securities Fraud"Forced Collections Against A Fraudster Like Madoff" & "Competing Over Mr. Allen Stanford’s Assets" described the problem of competing claimants trying to recover from a limited pool of funds. This same problem has been encountered by the plaintiffs in The Lautenberg Foundation v. Madoff, 09-Civ-00816, whose lawsuit I mentioned at "Suing Peter Madoff For Bernard… Continue Reading
Asset Search News Roundup: July 11, 2010
Posted in Asset Search News, Financial Institutions, Securities Fraud, Tax FraudToday’s "Asset Search News Roundup" examines the criminal investigation into HSBC and the SEC’s case against Kenneth Wayne McLeod’s estate: "U.S. Widens Tax Inquiry Into HSBC" reports that prosecutors are "ramping up their criminal investigation" of HSBC after U.S. taxpayers allegedly used foreign HSBC accounts to hide undeclared assets. My April 21, 2010 "Asset Search… Continue Reading
Eliciting Financial Evidence Across International Borders
Posted in Asset Search/Fraud Investigation, Divorce & Child Support, Identity Theft, Money Laundering, Swiss Banks“Using Foreign Computer Evidence Against An Accused Hacker” explained that U.S. prosecutors accessed a Latvian computer server and other foreign computer evidence, where an identity thief was accused of storing stolen U.S. credit card information across international borders. “Money Laundering, Marital Assets & Divorce” outlined the different fact pattern of a U.S. divorcing spouse who… Continue Reading
Asset Search News Roundup: July 4, 2010
Posted in Asset Search News, Holocaust-Era Assets, Money LaunderingThe July 4th "Asset Search News Roundup" concentrates on Rudolf Leopold and cross-border activities: Austrian museum director and art collector Rudolf Leopold died on Tuesday, as pointed out by both the Associated Press and the New York Times. According to the Copyright Litigation Blog’s July 2nd article, Mr. Leopold’s death basically raises the issue of… Continue Reading
Tracking Trevor Cook’s Assets Across U.S.-Swiss Borders
Posted in Asset Search/Fraud Investigation, Money Laundering, Securities Fraud, Swiss BanksA frequently asked questions Web page published by the Financial Action Task Force discusses multilateral initiatives and states: "Large-scale money laundering schemes invariably contain cross-border elements." The Trevor Cook receiver undoubtedly recognizes the foregoing because he is tracking receivership estate assets across international borders, on behalf of investors damaged by Ponzi schemer and securities fraudster… Continue Reading