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Category Archives: Asset Forfeiture

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Asset Search News Roundup: March 21, 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: February 28, 2010

Posted in Asset Forfeiture, Asset Search News, Drug-Related Assets

“A Strategy Of Seizing Sinaloa Drug Cartel Assets” is about the U.S. Department of Justice’s use of asset forfeiture against Mexico’s drug cartels.  U.S. Treasury’s Office of Foreign Assets Control (“OFAC”) pursues this forfeiture policy alongside the Department of Justice.  As explained by my February 11, 2009 “Asset Search News Roundup“, the OFAC can list… Continue Reading

Asset Search News Roundup: February 21, 2010

Posted in Asset Forfeiture, Asset Search News, Public Corruption, Tax Fraud, White-Collar Crime Generally

Today’s “Asset Search News Roundup” is about the New York case against the ex-president of Guatemala, Alfonso Portillo and it also mentions the sentencing of New York former top cop Bernard Kerik: The one-count indictment unsealed on January 26, 2010 in the case against ex-president Portillo is available here.  Mr. Portillo’s indictment alleges that he… Continue Reading

New Jersey Lawsuit Involving Former Premier Misick Settles

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Money Laundering, Public Corruption, White-Collar Crime Generally

The Court announced yesterday that there had been a settlement in the New Jersey case involving Former Premier Michael Misick of the Turks and Caicos Islands.  The settlement is mentioned at the Court’s Order of Dismissal and by the current docket report. According to various court filings, the Former Premier could have been a beneficial… Continue Reading

Could Former Premier Misick Face U.S. Forced Collection Proceedings?

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Money Laundering, Public Corruption, White-Collar Crime Generally

At first glance, there was nothing unusual about the lawsuit filed in New Jersey involving Former Premier Michael Misick of the Turks and Caicos Islands. The complaint in the lawsuit executed by the Former Premier, claimed that Hip Hop Weekly Magazine founders David Mays and Raymond Scott had misappropriated the magazine’s cash. Mr. Mays and… Continue Reading

Alleging Money Laundering In Private Sector Lawsuits

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Divorce & Child Support, Money Laundering

By claiming that proceeds of a judicial bribery scheme had been laundered from Italy into nineteen U.S. bank accounts, prosecutors sought asset forfeiture as described at "Using Multiple Jurisdictions To Launder Money".  That forfeiture case was mostly based on U.S. anti-money laundering laws which included 18 U.S.C. §1956 (Money Laundering) and 18 U.S.C. §1957 (Money… Continue Reading

Asset Search News Roundup: December 18, 2009

Posted in Asset Forfeiture, Asset Search News, Holocaust-Era Assets

Holocaust-era assets and Mutual Legal Assistance Treaties are the subjects of this "Asset Search News Roundup": My article "During A War Everybody Loots A Little Bit", discusses Nazi-looted art.  A December 1, 2009, press release also raises this issue.  The December press release explains that U.S. authorities recently recovered a painting in a Holocaust-era assets… Continue Reading

Asset Search News Roundup: November 16, 2009

Posted in Asset Forfeiture, Asset Search News, Financial Institutions, Money Laundering

A tax filing at the "Financials Page" of its website reveals that the Alavi Foundation had assets in 2007 with a fair market value of nearly $88 million.  Federal prosecutors meanwhile, filed an amended complaint last Thursday against The Alavi Foundation.  It sought asset forfeiture, as reported by Reuters, The New York Times and an… Continue Reading

Seizing Assets In A Suspected Racial Profiling Scheme?

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Drug-Related Assets, Money Laundering

In "Forfeiture & The DEA’s Asset Search" Donnie the former DEA Special Agent spoke about the effectiveness of asset forfeiture.  In that article, Donnie said: ‘asset forfeiture… can stop those who supply pseudophedrine to the meth super labs and Mexican cartels‘.  "A Strategy Of Seizing Sinaloa Drug Cartel Assets" also recently explained that asset forfeiture… Continue Reading

A Strategy Of Seizing Sinaloa Drug Cartel Assets

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Drug-Related Assets, Money Laundering

The U.S. Department of Justice believes that seizing assets from Mexican drug cartels can generally help combat cross-border murder, kidnapping, robbery, etc.  Through the person of the Criminal Division’s Assistant Attorney General Lanny A. Breuer, the Department of Justice reiterated its desire to seize the illicit assets of illegal narco-traffickers. Assistant Attorney General Breuer stated… Continue Reading

Asset Search News Roundup: August 29, 2009

Posted in Asset Forfeiture, Asset Search News

The "Asset Search News Roundup" for this week focuses on the $1 billion asset forfeiture claim U.S. prosecutors brought against former Stanford Group CFO James F. Davis.  This $1 billion dollar claim was initially in the June 18, 2009 criminal information filed against Mr. Davis in U.S.A. v. Davis 4:09−cr−00335−1.  The information claimed that Mr…. Continue Reading

Eliciting Evidence From Foreign Bank Witnesses

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Assets At Foreign Banks, Financial Institutions, Tax Fraud

Some post-judgment creditors, divorcing spouses and other private litigants use a domestic summons / subpoena to elicit an adversary’s bank customer information from a foreign bank witness.  Under limited circumstances, these private litigants might serve a domestic summons / subpoena, as set forth by the Court in First American Corp. v. Price Waterhouse, 154 F.3d… Continue Reading

Asset Search News Roundup: August 11, 2009

Posted in Asset Forfeiture, Asset Search News, Public Corruption

The jury’s August 5, 2009 verdict in U.S.A. v. Jefferson, found former congressman William Jefferson guilty of hiding bribery proceeds by laundering them, as described by the 12th, 13th and 14th counts of his indictment.  The August 5, 2009 verdict and a U.S. Department of Justice press release also state that Mr. Jefferson is guilty… Continue Reading

Link Charts In An Asset Search

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Divorce & Child Support, Money Laundering

Financial Intelligence Units, local law enforcement, prosecutors, etc. can visually analyze data through “link charts” like the one used by U.S. Treasury’s Office Of Foreign Assets Control to depict the drug trafficking network of Medellin-based Francisco Antonio Florez Upegui: (To Enlarge, Click On Image) Governmental authorities use link charts to help discover associations or patterns… Continue Reading

Asset Search News Roundup: July 12, 2009

Posted in Asset Forfeiture, Asset Search News, Privacy Laws, Public Corruption

The "Asset Search News" for this week discusses my interview by AssetForfeitureWatch.com; Transparency International’s press release about Kenyan police corruption; and the file assistant who pleaded guilty to computer intrusions in violation of U.S. privacy law. +AssetForfeitureWatch.com provides the law enforcement community with training / support in the area of asset forfeiture.  Last Tuesday, AssetForfeitureWatch.com… Continue Reading

Asset Search News Roundup: July 6, 2009

Posted in Asset Forfeiture, Asset Search News, Public Corruption

This "Asset Search News Roundup" concentrates on the International Centre For Asset Recovery ("ICAR"), which is part of the Basel Institute on Governance.  ICAR’s "Knowledge Centre" is particularly geared toward helping "asset recovery practitioners, investigators, prosecutors and policy makers worldwide". The Knowledge Centre generally has information for domestic governmental authorities, about  forced collection proceedings when… Continue Reading

Public Corruption Charges Against Two Politically Exposed Persons

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Money Laundering, Public Corruption, White-Collar Crime Generally

Politically exposed persons who are involved in public corruption schemes, sometimes use money laundering to hide bribes or other illicit proceeds.  Although not accused of money laundering, former Detroit city councilwoman Monica Conyers, was a politically exposed person suspected of accepting bribes.  Monica Conyers is also the wife of House Judiciary Committee Chairman John Conyers. … Continue Reading

2000 Pieces Of Art Subject To Asset Forfeiture Claim

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, White-Collar Crime Generally

Ernst & Ernst Collector’s Gallery owner Donald Dean Seybold, might forfeit 2000 pieces of fine art which include: paintings, prints, sculptures, plates and books.  Mr. Seybold could also end up forfeiting: a Las Vegas time share, a jeep, a sports utility vehicle and $3.2 million dollars.  Federal prosecutors are seeking asset forfeiture of these items… Continue Reading

Asset Search News Roundup: June 19, 2009

Posted in Asset Forfeiture, Asset Search News, Swiss Banks

Today’s "Asset Search News Roundup" discusses yesterday’s arrest and indictment of Mr. Allen Stanford, who was the subject of my very last blog post.  Just as Bernard Madoff was accused of money laundering, so is Mr. Stanford.  Mr. Stanford has among other things, been indicted pursuant to 18 U.S.C. §1956 (h) (Conspiracy to commit money… Continue Reading

Interdicting The Assets Of Mexico’s Narco-Traffickers

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Drug-Related Assets, Money Laundering

Narco-traffickers who conduct their illicit activities across the U.S.-Mexican border may fall under the Foreign Narcotics Kingpin Designation Act (21 U.S.C. § 1901-1908, 8 U.S.C. § 1182) and Executive Order 12978 of October 21, 1995.  Assets are frozen under the Foreign Narcotics Kingpin Designation Act (“the Kingpin Act”), if they are subject to U.S. jurisdiction and belong to… Continue Reading

Forced Collections Against A Fraudster Like Madoff

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Money Laundering, Swiss Banks

Forced collection proceedings against a fraudster like Mr. Bernard Madoff can involve an extraordinary number of prospective plaintiffs with competing interests in the fraudster’s assets.  In Mr. Madoff’s case, some of these plaintiffs competing over assets might even include foreign governmental authorities seeking asset forfeiture because of Mr. Madoff’s money laundering in the United Kingdom… Continue Reading