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Asset Search Blog Investigating & Recovering Hidden Money & Other Assets

Category Archives: Money Laundering

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Looking Back At Breaking Bad & Some Suspected Asset Concealment Schemes

Posted in Asset Search/Fraud Investigation, Drug-Related Assets, Hidden Money, Holocaust-Era Assets, Money Laundering, Swiss Banks, Tax Fraud

In the Breaking Bad television series, Walter White hid profits from his illegal manufacture of methamphetamine.  He hid illicit drug profits in a crawl space under his house, as the video above partly reveals.  Walter and his wife Skyler also laundered money through the A1A Car Wash.  Walter’s partner in crime, (Breaking Bad’s Jesse Pinkman), purchased real… Continue Reading

Detecting Hidden Assets By Putting Tipsters To Work

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

How can one detect assets one is unaware of?  Sometimes by putting tipsters to work and collecting their tips.  These tips may be gathered in a variety of ways.  “An Asset Search, Tax Fraud & Divorce” describes a private investigation in which a prospective tipster was interviewed by “Brian”, an ex-IRS Special Agent and former… Continue Reading

Searching For Corruption Proceeds & Other Assets On The Island Of Jersey

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

At Carmelite Chambers International Fraud & Assert Recovery Conference, I met Advocate & English Barrister Stephen Baker of Baker & Partners from St. Helier, Jersey.  During the Conference, Mr. Baker presented his slideshow with case studies about recovering suspected corruption proceeds or other assets. Some of Mr. Baker’s slides reveal how foreign bank accounts; multiple jurisdictions… Continue Reading

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

Carmelite Chambers International Fraud & Asset Recovery Conference

Posted in Asset Search/Fraud Investigation, Financial Institutions, Hidden Money, Money Laundering, Securities Fraud, Tax Fraud

I will present my program “The Ins & Outs Of Recovering Assets Via Whistleblowers & Other Tipsters” in London at 11:40 AM June 23, 2014, during the Carmelite Chambers International Fraud & Asset Recovery Conference.   “The Ins & Outs Of Recovering Assets Via Whistleblowers & Other Tipsters” highlights how whistleblowers sniff out vast sums of money… Continue Reading

Bitcoin & Other Virtual Currency As A Money Laundering Threat

Posted in Asset Search/Fraud Investigation, Financial Institutions, Hidden Money, Money Laundering

The search for the true identity of Bitcoin creator Mr. Satoshi Nakamoto is discussed by “Will the Real Satoshi Nakamoto Please Stand Up” and at a video: Mt. Gox which was once the world’s largest Bitcoin currency exchange, is also in the news.  It made bankruptcy filings in Japan and the U.S. and reportedly lost virtual currency… 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: 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

Laundering Assets By Putting A Lawyer To Work

Posted in Financial Institutions, Money Laundering

My October 24th post “Concealing Monies In A Cayman Islands Bank Account”, supplied the fact pattern of a divorcing husband hiding funds offshore.  That divorcing husband hid assets by putting a lawyer and other elements to work.  The following money laundering typology ¹ similarly analyzes a scheme thought to have been facilitated by a lawyer: ¹Money Laundering… 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

Interdict Their Assets, Retired DEA Agent Says

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

As a DEA Special Agent, Donnie worked in Bolivia, Puerto Rico and Peru.  He had also been a liaison with the Mexican Federal Judicial Police.  After retiring from the DEA, Donnie taught Iraqi border policeman a variety of things, including how to detect cash and drugs hidden through smuggling.  Through his work, Donnie became highly… Continue Reading

Asset Search News Roundup: August 16, 2013

Posted in Asset Search News, Drug-Related Assets, Money Laundering, Securities Fraud, White-Collar Crime Generally

A low-cost asset search; two ex-JP Morgan bankers accused of concealing trading losses; and Rafael Caro Quintero: “A Low-Cost Asset Search” reveals how computer-based research could lead to the discovery of a beneficial owner’s hidden assets. “Feds charge former JPMorgan Chase bankers in ‘London Whale’ case” reports on  the indictments of Javier Martin-Artajo and Julien Grout…. 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

Asset Search News Roundup: July 31, 2013

Posted in Asset Search News, Bankruptcy, Money Laundering, Public Corruption

Hiding assets via jewelry or other portable valuable commodities and former Turks & Caicos premier Michael Misick: “On the trail of Michael Mastro: how to flee the law when you are 87” is about Michael & Linda Mastro.  These two might have secretly transferred bankruptcy estate assets by shipping a Range Rover full of jewelry, (i.e…. Continue Reading

‘I’ll Stay Here Until The Last Of You Gets To Donate’

Posted in Asset Forfeiture, Asset Search/Fraud Investigation, Drug-Related Assets, Money Laundering, White-Collar Crime Generally

The article “Wirapol Sukphol, Jet-Set Buddhist Monk Shocks Thailand With Religious Scandal” discusses a Buddhist monk in Thailand suspected of misappropriating charitable donations to support his life of luxury.  This article indicates that the now former monk Wirapol Sukphol, may have collected charitable donations by swindling donors, to whom he reportedly once said: ‘Don’t worry, no… Continue Reading

Asset Search News Roundup: July 22, 2013

Posted in Asset Search News, Money Laundering, Tax Fraud

The money laundering investigation at the Vatican Bank and options for U.S. taxpayers who have hidden their assets offshore: Italian officials are apparently still investigating the Vatican Bank for its supposed concealment of assets by money laundering.  This investigation is discussed at “The Vatican Bank is rocked by scandal again” and “Vatican Bank In Trouble… Continue Reading

Asset Search News Roundup: July 11, 2013

Posted in Asset Forfeiture, Asset Search News, Drug-Related Assets, Financial Institutions, Money Laundering

International asset recovery and suspected trade-based money laundering: As Britain a safe haven for plundered assets – experts stated, “successful international asset recovery is notoriously difficult because of the often complex web of financial transactions used to hide illegal sources of money, as well as a lack of cooperation between different countries…”  This article too cited the World… Continue Reading

Asset Search News Roundup: June 23, 2013

Posted in Asset Search News, Money Laundering, Swiss Banks

Edward Snowden and government data mining; and hiding assets in the hawala informal banking system: Whistleblower Edward Snowden is facing espionage charges in the U.S. District Court for the Eastern District of Virginia. The Washington Post too reports that Mr. Snowden is believed to have “fled Hong Kong for Moscow…” and Bloomberg.com says he requested asylum in Ecuador…. Continue Reading