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Asset Search Blog Investigating & Recovering Hidden Money & Other Assets

Tag Archives: asset recovery

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: Private Detectives, Bank Searches & An Alleged Negligent Investigation

Posted in Asset Search/Fraud Investigation, Divorce & Child Support, Divorce & Hidden Money, Hidden Money, Money Laundering, Privacy Laws

This is the fifth post in the “Divorce & Hidden Money” series.  The post asks: what standards should private detectives follow when they investigate a divorcing spouse’s bank account?  At the conclusion, the post discusses some best practices.   The August 7, 2012 complaint I filed in Florea v. Bocra claimed that Plaintiff Victoria Florea, (“Florea”), wanted to learn… 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

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

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

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

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

Swiss Banks, Smuggling & Other Asset Recovery Issues

Posted in Asset Search/Fraud Investigation, Money Laundering, Swiss Banks, Tax Fraud, White-Collar Crime Generally

“Swiss Banks, Smuggling & Other Asset Recovery Issues” will be presented from 6:00 PM to 9:00 PM on April 18, 2013 in New York City, at the New York County Lawyers’ Association.  Jack Blum, Esq., Advocate Robert Fiecther of the Des Gouttes & Partners law firm located in Geneva, Switzerland and Fred L. Abrams, Esq…. Continue Reading

Revisiting Minnesota’s Second-Largest Ponzi Scheme

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

A StarTribune article says that Trevor Cook’s currency program fraud was the second-largest Ponzi scheme in Minnesota history. The article too mentions that prosecutors have accused one of the scheme’s participants, Gerald Durand, of a murder-for-insurance plot.  The suspected plot surfaced at the “Government’s Motion For An Evidentiary Hearing Regarding Durand“, filed December 26, 2012… Continue Reading

Asset Search News Roundup: December 14, 2012

Posted in Asset Search News, Financial Institutions, Money Laundering, Securities Fraud

A whistleblower claim against Deutsche Bank and HSBC’s settlement with U.S. Treasury: At “Human Intelligence & The SEC’s Whistleblower Program”, Labaton & Sucharow partner Jordan A. Thomas examines the critical role whistleblower tips will have in the SEC’s detection of fraudsters / recovery of assets.  One example of the foregoing might be the whistleblower tip… Continue Reading

Recovering Assets By Cracking Down On Corruption Proceeds

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

The ACAMS / MoneyLaundering.com article “FATF’s Focus on Asset Forfeiture Could Challenge Some Nations”, especially raises the issue of recovering corruption proceeds.  Near the end of this article, I am mentioned as saying that as part of their effort to crack down on corruption, Financial Action Task Force examiners may expect jurisdictions to track bribes paid… Continue Reading

Methods For Concealing Nazi-Looted Art & Other Assets

Posted in Asset Search/Fraud Investigation, Holocaust-Era Assets, Money Laundering

When analyzing the secret transfer of Nazi-looted art to museums and private collections, one may detect the use of multiple jurisdictions, nominees, forgeries or other common concealment methods. In some cases, these concealment methods are jointly employed to launder the title of looted artwork, similar to the way that illicit funds may be laundered.  Furthermore, because… Continue Reading

Asset Search News Roundup: October 24, 2012

Posted in Asset Search News, Financial Institutions, Public Corruption, White-Collar Crime Generally

Recovering corruption proceeds and related issues: At a news release, the Organisation for Economic Co-operation and Development notes that in twelve years, French authorities had just five convictions in cases arising out of the bribery of foreign officials.  The news release claims that French authorities have a “lacklustre response” to cases involving actual or alleged… Continue Reading

Whistleblowers Uncover Hidden Assets, But May Take Big Risk

Posted in Asset Search/Fraud Investigation, Tax Fraud

Using whistleblower tips is sometimes the only practical way to uncover assets hidden by determined criminals and others.  The reward programs offered by the IRS and SEC recognize this.  As I note at the end of this October 3rd Reuters article, whistleblowers may sometimes hit a home run and collect a plentiful bounty.  There are, however,… 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

Suing UBS AG Over Secret Swiss Bank Accounts

Posted in Asset Search/Fraud Investigation, Financial Institutions, Swiss Banks, Tax Fraud

As a FAQ webpage demonstrates, qualified intermediary withholding agreements, (“qi agreements”), with the IRS can obilgate foreign financial institutions to withhold tax monies and report about a U.S. taxpayer’s offshore financial account.  The qi agreement between the IRS and UBS AG played a critical role in the UBS John Doe summons case.  A February 6, 2009 declaration filed in… Continue Reading

Attorney Jack Blum To Talk About Blowing The Whistle

Posted in Asset Search/Fraud Investigation, Swiss Banks, Tax Fraud

Attorney Jack Blum’s law practice focuses on whistleblower representation, anti-money laundering compliance, international tax evasion and the representation of victims of financial crime and fraud.  He has been an expert witness for the U.S. Department of Justice and the Internal Revenue Service.  Mr. Blum additionally served as associate counsel, or assistant counsel, or special counsel to three U.S…. Continue Reading

Asset Search News Roundup: July 21, 2012

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

Peter Madoff’s $4 million dollar co-op and the effort to recover assets from Peregrine Financial Group, Inc. The NYC Park Avenue co-op which belonged to Bernard Madoff’s younger brother Peter, has just been listed for sale.  The $4 million dollar co-op is being sold as part of the asset forfeiture agreement connected to Peter Madoff’s June… 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