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Asset Search Blog Investigating & Recovering Hidden Money & Other Assets

Tag Archives: Ponzi scheme

Divorce & Hidden Money: Searching For Assets By Recognizing Red Flags

Posted in Bankruptcy, Divorce & Child Support, Divorce & Hidden Money, Drug-Related Assets, Hidden Money, Money Laundering, Tax Fraud

If a divorcing spouse hides marital assets there usually are red flags.  Red flags are also often found when assets have been hidden by tax fraudsters, Ponzi schemers, bankruptcy debtors, money launderers & narco-traffickers.  This 16th post in the “Divorce & Hidden Money ” series examines the red flags. Red flags indicating assets might have been… Continue Reading

Private Investigators: Detecting Hidden Assets By Following A Money Trail

Posted in Asset Search/Fraud Investigation, Hidden Money, Money Laundering, Private Investigators, Securities Fraud, Swiss Banks, White-Collar Crime Generally

When vast sums of money are hidden in a bank account there is usually an electronic trace or other kind of money trail.  A skilled investigator may help detect the money trail, as suggested by my 2010 post Secreting Assets Without A Border Trace.  The post quoted “Roger” a former foreign intelligence officer who was… 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

Receiver Says To Associated Bank, Show Me The Money

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

The September 2009 Asset Search Blog article “Money Laundering By Minneapolis Money Managers?”, raised the issue of whether Associated Bank had violated federal anti-money laundering regulations.  This article discussed whether an account opened at Associated Bank in the name of Crown Forex, LLC, had been used to launder Ponzi scheme proceeds.  It pointed out that… 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: September 28, 2012

Posted in Asset Search News, Money Laundering, Public Corruption

The name of a whistleblower is reportedly leaked and concealing assets in Luxembourg: A press release and “Ex-IRS examiner charged with naming whistleblower ” refer to the criminal complaint against Dennis Lerner of Edgewater, N.J.  Mr. Lerner is accused of violating 26 U.S.C. § 7213 (Unauthorized disclosure of information), 18 U.S.C. §§ 207 (Restrictions on former officers, employees, etc.) & 208 (Acts affecting a personal financial… Continue Reading

Asset Search News Roundup: July 4, 2012

Posted in Asset Search News, Holocaust-Era Assets, Money Laundering

The Holocaust-era assets of Hungarian Jews and the arrest of CEO Raymond Bitar: A supplemental amicus curiae brief filed in Kiobel v. Royal Dutch Petroleum, U.S. Supreme Court, Docket No. 10-1491, mentions that according to the  Republic of Hungary, 500,000 Jews were killed during the Hungarian Holocaust.  The brief filed on behalf of the Hungarian… Continue Reading

Asset Search News Roundup: June 17, 2012

Posted in Asset Search News, Money Laundering, Securities Fraud

Secreting Ponzi scheme proceeds and the conviction of three former money managers: “Secreting Assets Without A Border Trace” highlights methods determined criminals employ to conceal their assets from domestic authorities and everyone else.  It supplies the fact pattern of a securities fraudster who conceivably could have concealed Ponzi scheme proceeds by utilizing offshore jurisdictions, a… Continue Reading

Seattle’s Ubiquitous Asset Protection Lawyer, Ms. Mary Simon

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

The U.S. Senate Permanent Subcommittee on Investigations August 1, 2006 report on offshore tax haven abuses explains that assets can be hidden with the assistance of  “lawyers, brokers, bankers, offshore service providers, and others” offering offshore asset protection.  Seattle lawyer Mary Simon appears to have especially provided offshore asset protection services that featured Belizean trusts. As revealed by… Continue Reading

Prosecutors Add To Indictment Connected To Ponzi Scheme Case

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

At “Hockey bid a factor in Beckman’s Ponzi trial”, the StarTribune analyzes the Second Superseding Indictment filed in the criminal prosecution against Jason Bo Beckman, Gerald Durand and Patrick Kiley.  This StarTribune article explains the three are accused of money laundering and other alleged crimes arising out of Trevor Cook’s securities fraud which was one… Continue Reading

Forex Dealer Sued For Allegedly Ignoring Red Flags Of Fraud

Posted in Asset Search/Fraud Investigation, Money Laundering, Securities Fraud

A February 3rd civil complaint filed against Forex dealer Peregrine Financial Group, (“PFG”), alleges “PFG ignored or failed to discern a myriad of objective red flags of fraud…” Complaint at pp. 5-6 ¶12.  The complaint asserted a $48 million dollar claim under Minnesota’s fraudulent conveyance law and it was filed by Receiver R.J. Zayed, who… Continue Reading

Human Intelligence & The SEC’s Whistleblower Program

Posted in Asset Search/Fraud Investigation, Securities Fraud

A Primer For Gathering Financial Intelligence pronounces “Human intelligence can be the only practical way to uncover some sophisticated asset concealment schemes.”   The SEC Whistleblower Program sniffs out human intelligence by offering rewards for tips regarding securities fraudsters.  A November 2011 report shows the Whistleblower Program generated 334 tips during the seven week period… Continue Reading

Using Red Flags To Recover Ponzi Proceeds

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

“Recognizing Hidden Assets, The Red Flags” explained that bankruptcy trustees, tax authorities, financial intelligence units, etc. search for concealed assets by looking for red flags of fraud or other illicit acts.  Lawsuits brought by investors damaged by Ponzi schemes also may focus on red flags, as described at “Florida Court Unlikely To Find Wachovia, Mastercard… Continue Reading