Securities fraudster Trevor Cook, assets that might have been misappropriated from former East Germany, and over $2 million is interdicted at a U.S.-Mexican border crossing: Ex-Minneapolis money manager and securities fraudster Trevor Cook was sentenced a week ago to serve twenty-five years in prison forviolating 18 U.S.C. §1341 (mail fraud) and 26 U.S.C. §7201 (tax… Continue Reading
Monthly Archives: August 2010
Recovering Assets In Switzerland Hidden By Dictators
Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Money Laundering, Public Corruption"The Americans & Swiss Target The Kleptocrats" contains an article discussing the Swiss Restitution Of Illicit Assets Act ("RIAA"). This act could be passed next month by the Swiss Parliament. It would be used to freeze the proceeds of public corruption schemes which some dictators and other politically exposed persons might transfer from a foreign… Continue Reading
Asset Search News Roundup: August 22, 2010
Posted in Asset Search News, Divorce & Child Support, Financial Institutions, Tax FraudA Van Gogh goes missing; articles about asset recovery basics; and Barclay’s Bank: Egyptian authorities are trying to recover a Van Gogh that went missing on Saturday after it was stolen from the Mohamed Mahmoud Khalil Museum. The museum houses a fine art collection worth at least $1.2 billion and the the Van Gogh’s theft… Continue Reading
Cayman Islands Money Laundering For The Year 2010?
Posted in Asset Search/Fraud Investigation, Financial Institutions, Money Laundering"A Tax Fraud & Identity Theft From Miami" & "Bearer Shares & An Asset Search" described money laundering schemes partly facilitated through Cayman Islands bank accounts. On the one hand, some financial investigators report to me that during 2010 the Cayman Islands continue to be an extraordinary money laundering risk. Cayman Islands lawyers and bankers… Continue Reading
Asset Search News Roundup: August 14, 2010
Posted in Asset Search News, Drug-Related Assets, Financial Institutions, Money LaunderingThe August 14th "Asset Search News Roundup" mentions money laundering: So far this summer the Financial Action Task Force published evaluations of the anti-money laundering efforts undertaken by Brazil, India and Saudi Arabia. The Financial Action Task Force is a leading anti-money laundering organization, as described at "Anti-Money Laundering Bellwether Seeks Transparency Across The Globe"…. Continue Reading
The Americans & Swiss Target The Kleptocrats
Posted in Asset Search/Fraud Investigation, Public Corruption, Swiss Banks, White-Collar Crime GenerallyAmerican and Swiss officials are ramping up their efforts to recover assets hidden by corrupt foreign politically exposed persons commonly referred to as kleptocrats. A few of my thoughts about this are included at MoneyLaundering.com’s August 6th article "U.S., Swiss Initiatives to Recover Looted Assets Likely to Bring Banks More Subpoenas, Regulatory Scrutiny ": (Click… Continue Reading
Asset Search News Roundup: August 5, 2010
Posted in Asset Search News, Drug-Related Assets, Public Corruption, Securities Fraud425 pounds of hidden marijuana; Transparency International; and the defenses to a clawback lawsuit; are discussed at the August 5th "Asset Search News Roundup": Federal agents at a U.S.-Mexican land crossing interdicted more than 425 pounds of marijuana on July 24, 2010. As "Marijuana Encased in Cement Seized by CBP" explains, the marijuana had been… Continue Reading
Airline Tickets & Alleged Credit Card Fraud
Posted in Asset Search/Fraud Investigation, Identity Theft, White-Collar Crime Generally"$20 million airline-ticket fraud aided by hotel workers, prosecutors say" mentioned that suspected identity thieves and their supposed co-conspirators were indicted for allegedly using stolen credit card information to purchase airline tickets. These tickets are believed to have been sold on the U.S. black market at steep discounts to airline passengers. A July 9th press… Continue Reading