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Asset Search Blog Investigating & Recovering Hidden Money & Other Assets

Category Archives: Divorce & Child Support

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Recovering Assets By Identifying & Immobilizing Them

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

Identifying and immobilizing assets in a timely fashion can be paramount to asset recovery cases ranging from an ultra- high net worth divorce to a forced collection proceeding against a debtor. The abstract about “Suspending Suspicious Transactions” ¹ similarly mentions the “timely identification and immobilization” of  assets.  The abstract discusses this with regard to money laundering… Continue Reading

Divorce & Hidden Money: Four Methods Spouses Sometimes Use To Conceal Assets

Posted in Divorce & Child Support, Divorce & Hidden Money, Financial Institutions, Hidden Money, Money Laundering, Swiss Banks, Tax Fraud

This is the eighth post in the “Divorce & Hidden Money” series.  Like “Four Asset Concealment Tools” and “Four Ways Assets Can Be Secretly Transferred”, the post reveals methods a spouse may use to hide marital assets and keep more than his/her fair share of the marital estate. Credit/Debit Cards- Using a credit or debit card which… Continue Reading

Divorce & Hidden Money: Whistleblowing, Tax Fraud & Tipping The IRS

Posted in Asset Search/Fraud Investigation, Divorce & Child Support, Divorce & Hidden Money, Hidden Money, Money Laundering, Tax Fraud, White-Collar Crime Generally

The post “An Asset Search, Tax Fraud & Divorce” was first published at the Asset Search Blog on January 16, 2008.  It is republished below as the seventh post in the “Divorce & Hidden Money” series.  The post describes my investigation of a divorcing husband.  While I was the divorcing wife’s attorney, I discovered the husband… Continue Reading

Divorce & Hidden Money: Four Asset Concealment Tools

Posted in Asset Search/Fraud Investigation, Divorce & Child Support, Divorce & Hidden Money, Financial Institutions, Hidden Money, Money Laundering, Swiss Banks

This is the sixth post in the “Divorce & Hidden Money” series. “Four Ways Assets Can Be Secretly Transferred” mentioned methods some use to move assets across international borders.  My post regarding the 2011 divorce between Helga and Gaston Glock discussed additional asset concealment tools.  Any one or a combination of these additional tools can be used… Continue Reading

Divorce & Hidden Money: Helga Glock Claims Gaston Glock Started Concealing His Assets

Posted in Divorce & Child Support, Divorce & Hidden Money, Financial Institutions, Hidden Money, Swiss Banks

This is the fourth post in the “Divorce & Hidden Money” series. Mr. Gaston Glock’s creation of the ubiquitous Glock pistol turned him into a billionaire and he is thought to be one of the twenty wealthiest individuals in all of Austria.  Mr. Glock’s ex-wife Ms. Helga Glock meanwhile, suspected he is concealing marital assets… Continue Reading

Red Flags In The Case Of Fraudster Elaine White

Posted in Asset Search/Fraud Investigation, Bank Search, Divorce & Child Support, Financial Institutions, Hidden Money, Money Laundering, White-Collar Crime Generally

From about 2006-2012, Canadian Elaine White offered an asset tracking service to her clients who were divorcing spouses, Ponzi scheme victims and others who were searching for hidden money.  Ms. White apparently told her clients that she could detect offshore bank accounts which contained the hidden money they were looking for.  Ms. White then supplied… Continue Reading

Divorce & Hidden Money: Four Ways Assets Can Be Secretly Transfered

Posted in Divorce & Child Support, Divorce & Hidden Money, Drug-Related Assets, Financial Institutions, Hidden Money, Money Laundering, Swiss Banks

This is the third post in the “Divorce & Hidden Money” series: One divorcing wife explained to me that she believed her husband had hidden money in offshore bank accounts.  This divorcing wife found a box her husband inadvertently left  in the basement after he moved out of their marital residence.  The box had an account… Continue Reading

Divorce & Hidden Money: Concealing Monies In A Cayman Islands Bank Account

Posted in Asset Search/Fraud Investigation, Bank Search, Divorce & Child Support, Divorce & Hidden Money, Financial Institutions, Hidden Money

This is the second post in the “Divorce & Hidden Money” series: A divorcing spouse may combine a number of elements in one scheme to hide marital assets.  Bearer shares can be one of these elements, as more fully set forth at my post Bearer Shares & An Asset Search.  Bearer shares are negotiable instruments that for… Continue Reading

Divorce & Hidden Money: Alaskan Plastic Surgeon Accused Of Concealing Millions In Central America

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Divorce & Child Support, Divorce & Hidden Money, Financial Institutions, Hidden Money, Money Laundering, White-Collar Crime Generally

This is the first post in the “Divorce & Hidden Money” series: During ultra-high net worth divorces, one party can conceal vast sums of money from the other by going offshore.  Stated differently, divorcing spouses may hide their wealth by utilizing cross-border elements, as money launderers do.   The Financial Action Task Force mentions these elements at… Continue Reading

How Walter White Could Take His Money To A Swiss Bank

Posted in Asset Search/Fraud Investigation, Divorce & Child Support, Drug-Related Assets, Financial Institutions, Money Laundering, Swiss Banks, Tax Fraud

Throughout its five seasons, Breaking Bad highlighted the ways narco-trafficker Walter White and his co-conspirators hid the illicit proceeds of their made-for-TV crimes.  Breaking Bad could even be considered a case study of how determined criminals and others hide assets.  For example, at Problem Dog, Season 4, Episode 7, Walter and his wife Skyler faced the dilemma… Continue Reading

Asset Search News Roundup: September 8, 2013

Posted in Asset Forfeiture, Divorce & Child Support, Securities Fraud, White-Collar Crime Generally

Seizing mob assets and tipping the SEC: The article “Mafia hurt by asset seizures but still too strong to beat” suggests that Italian asset forfeiture laws are critically important in fighting the Italian mob.  The article quotes a magistrate in Naples who “told Reuters the confiscation of assets was a vital weapon, ‘more important even… Continue Reading

Locating Hidden Assets By Spotting The Red Flags

Posted in Asset Search/Fraud Investigation, Bankruptcy, Divorce & Child Support, Money Laundering, White-Collar Crime Generally

Domestic tax authorities, financial Intelligence units, bankruptcy trustees and banks rely on red flags to detect illicit assets, as mentioned by “Recognizing Hidden Assets, The Red Flags.” Recognizing Hidden Assets, The Red Flags notes that a broad range of litigants may uncover hidden assets by spotting the red flags.  These red flags are listed at… Continue Reading

A Suspected Fraudulent Asset Recovery Business

Posted in Asset Search/Fraud Investigation, Divorce & Child Support, Money Laundering, Swiss Banks, Tax Fraud

Ex-Toronto private investigator Elaine White and her husband ex-police detective Cullen Johnson, are accused of running a fraudulent asset recovery business.  Ms. White’s and Mr. Johnson’s April 10, 2013 indictment in USA v. White et al., Docket No. 4:13-cr-00047, asserts they “operated a purported asset locator business for clients”.   Ms. White and / or Mr. Johnson reportedly… Continue Reading

Seminar to Discuss $104 Million IRS Reward & Blowing the Whistle

Posted in Asset Search/Fraud Investigation, Divorce & Child Support, Financial Institutions, Securities Fraud, Swiss Banks, Tax Fraud

As demonstrated by the $104 million dollar IRS award to UBS Swiss bank whistleblower Bradley Birkenfeld, one may hit a home run by blowing the whistle.  Some however, face criminal charges or other extraordinary difficulties because of their whistleblowing. The New York City Bar Association seminar “The Ins & Outs Of Recovering Assets Via Whistleblowers… Continue Reading

Asset Search News Roundup: August 9, 2012

Posted in Asset Search News, Divorce & Child Support, Money Laundering

A money laundering investigation and a Turkish letter rogatory: The Wall Street Journal article “Sands Probed in Money Moves”, gives a glimpse into the money laundering investigation of the Las Vegas Sands Corp.  The investigation reportedly started because of large casino deposits by former high rollers Zhenli Ye Gon and Ausaf Umar Siddiqui.  Mr. Ye Gon’s July 23, 2007… Continue Reading

Letters Rogatory As An Asset Detection Tool

Posted in Asset Search/Fraud Investigation, Divorce & Child Support, Financial Institutions

Letters rogatory can be an invaluable tool for detecting assets concealed in multiple jurisdictions.  They may be utilized to gather competent evidence from foreign financial institutions and a variety of  witnesses residing offshore.  “Asset Search Tips For Divorce & Child Support Cases” talked about detecting assets by employing letters rogatory.  That post said: “Many times a… Continue Reading

Uncovering Assets By Using Compelled Authorization Forms

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

Prosecutors handling financial fraud cases have long known that a foreign bank supplied with a compelled authorization form, will sometimes release confidential bank records.  The prosecutors first seek a judicial direction requiring the bank signatory of the foreign bank account to execute the authorization form. After the bank signatory executes this form, the prosecutors send… Continue Reading

Recovering Assets Via Whistleblowers & Other Tipsters

Posted in Asset Search/Fraud Investigation, Divorce & Child Support, Securities Fraud, Tax Fraud

At the New York City Bar Association, 42 West 44th Street New York, NY 10036, from 6:00 PM– 9:00 PM on September 27, 2012, Fred Abrams and distinguished lawyers Jack Blum and Jordan A. Thomas, will present “The Ins & Outs Of Recovering Assets Via Whistleblowers & Other Tipsters”.  This program first analyzes how vast sums… Continue Reading

Asset Search News Roundup: May 20, 2012

Posted in Asset Search News, Divorce & Child Support, Tax Fraud

Tipsters and protecting assets by going offshore– Information from tipsters sometimes leads to an asset recovery in cases as diverse as tax fraud and divorce.  Earlier articles regarding tipsters include: (1)An Asset Search Via Whistleblowers & Other Tipsters; (2)Mass Leak Of Large Client Data Rattles Swiss Banking World; (3)Swiss Banker Blows Whistle on Tax Evasion…. Continue Reading

Protecting Assets By Utilizing A Nominee Incorporation Service

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

Ultra-high net worth divorcing spouses, kleptocrats, bankruptcy debtors, judgment debtors, etc., could easily conceal their beneficially owned assets by utilizing nominee incorporation services (“NIS”).  Pages 63-64 of The 2007 National Money Laundering Strategy, in essence divulge that some NIS promote the creation of non-transparent bank accounts and shell companies. Page 64 expressly says: “The FBI believes that… Continue Reading

The Asset Recovery Case Of Cohen v. S.A.C. Trading Corp.

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

The New York Post and Bloomberg wrote last month about the appeal pending in Cohen v. S.A.C. Trading Corp., et. al., (11-1390-cv). The Cohen appeal is over the trial court’s March 30, 2011 dismissal of Patricia Cohen’s Second Amended Complaint.  The Second Amended Complaint accused Ms. Cohen’s ex-husband, (billionaire hedge fund manager Steven Cohen), of tax… Continue Reading

Using Pretrial Discovery In Cases With Foreign Trusts

Posted in Asset Search/Fraud Investigation, Bankruptcy, Divorce & Child Support

It is no surprise that foreign trusts can easily be used as elements to fraudulently protect or conceal beneficially owned assets.  In some jurisdictions a trust may however, be considered void if the trust was “self-settled” (i.e. the grantor and beneficiary were found to be one and the same).  Trust veils might also be pierced… Continue Reading

Asset Search News Roundup: January 8, 2012

Posted in Asset Search News, Divorce & Child Support, Financial Institutions, Money Laundering, Tax Fraud

The Financial Action Task Force’s frequently asked questions webpage, states “Large-scale money laundering schemes invariably contain cross-border elements.”  Large-scale money launderers are not the only ones who hide assets by utilizing cross-border or offshore elements.  Divorcing spouses, judgment debtors and anyone else, may conceal valuable assets by combining offshore elements with additional ones. These elements… Continue Reading