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Category Archives: Tax Fraud

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Asset Search News Roundup: March 4, 2012

Posted in Asset Search News, Securities Fraud, Tax Fraud

Todays “Asset Search News Roundup” mentions whistleblower programs: An Asset Search Via Whistleblowers & Other Tipsters comments on IRS and SEC efforts to sniff out fraudulently concealed assets with the help of reward programs.  Forbes’ March 2nd article IRS Whistleblowers See Little Reward, also describes these programs.  The article compares one to the other and… Continue Reading

Asset Search News Roundup: February 19, 2012

Posted in Asset Search News, Money Laundering, Public Corruption, Tax Fraud

The Financial Action Task Force updates its standards and two politically exposed persons are criminally charged in the Turks and Caicos Islands¹: The Financial Action Task Force has revised its 40 Recommendations for fighting money laundering and terrorist financing.  A February 16th press release states these revisions include “[m]ore effective international cooperation including exchange of… Continue Reading

Asset Search News Roundup: February 6, 2012

Posted in Asset Search News, Financial Institutions, Money Laundering, Swiss Banks, Tax Fraud

The February 6th “Asset Search News Roundup” concentrates on the possible abuse of attorney trust accounts: “Three UBS Clients Accused of Hiding Offshore Money From IRS” outlines the suspected tax fraud case against ex-San Diego tax attorney Christopher M. Rusch and Phoenix-area businessmen Stephen M. Kerr and Michael Quiel.  The three are accused of secreting… 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

An Asset Search Via Whistleblowers & Other Tipsters

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

“Human Intelligence & The SEC’s Whistleblower Program” examines the government’s handling of tips in its search for assets concealed by securities fraudsters.  The IRS Whistleblower Program too seeks tips from informants who help the IRS detect assets concealed in tax frauds. Besides these whistleblower programs, tips can often be generated in a variety of ways. … Continue Reading

Asset Search News Roundup: December 11, 2011

Posted in Asset Search News, Holocaust-Era Assets, Tax Fraud

Individuals ranging from Nazi war criminals to tax fraudsters have long been known to secretly transfer assets by smuggling cash.  Today’s “Asset Search News Roundup” focuses on this smuggling. The January 11, 1941 article “Confirms Nazi Money Hiding“, describes one Holocaust-era scheme in which Nazi war criminal Hermann Goering pocketed smuggled cash.  Goering is mentioned… Continue Reading

Asset Search News Roundup: November 26, 2011

Posted in Asset Search News, Bankruptcy, Tax Fraud

Investigating assets by issuing subpoenas and a letter rogatory– It is well-known that subpoenas may play a critically important role in an asset investigation.  To try to locate bankruptcy estate assets for example, the trustee in Michael Mastro’s bankruptcy case subpoenaed credit card records from Amercian Express and a credit file from Equifax.  An earlier… Continue Reading

Asset Search News Roundup: October 10, 2011

Posted in Asset Search News, Drug-Related Assets, Money Laundering, Tax Fraud

Twelve new peer review reports and laundering assets by purchasing real estate: On September 12th, the Organisation for Economic Co-operation and Development announced its 12 new peer review reports regarding assets hidden in international tax evasions.  A press release discussing the reviews, mentions trusts and bearer shares:”In all 12 new reviews, the most common deficiencies… Continue Reading

Asset Search News Roundup: September 7, 2011

Posted in Asset Search News, Money Laundering, Tax Fraud

Freezing bank accounts maintained by nominees and Scottish prosecutors investigate a suspected tax fraud. Fraudulently conveyed assets may be recovered even if they are concealed in bank accounts maintained by straw persons / intermediaries (i.e. nominees).  A post-judgment creditor for example, can conceivably freeze or restrain nominee bank accounts in New York, as partly suggested… Continue Reading

Searching For Bank Accounts Secretly Opened In Switzerland

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

An IRS webpage identifies U.S. residents accused of engaging UBS AG to maintain secretly opened Swiss or other foreign bank accounts: (Click On The Image To View The Webpage)* One person cited by this webpage is Ms. Lucille Abrahamsen Jackson, of Hillside New Jersey.  She reportedly concealed assets in a Swiss bank account by using… Continue Reading

Concealing Assets In More Than 150 Trusts?

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

“A Doctor, A Lawyer & Bricks Of Cash” revealed the role a Liechtenstein trust had in maintaining a secret Swiss bank account.  The February 3, 2010 superseding indictment of former attorney Micaela Renee Dutson and her husband Tony Dutson, too raised the issue of trusts and hidden assets. This indictment depicted below, accused the Dutsons… Continue Reading

Turning To Financial Investigators During Asset Recoveries

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

"An Asset Search In Geneva" outlines the typical legal remedies for recovering assets secreted at banks in Switzerland.  The legal remedies range from civil proceedings brought to attach bank accounts to employing criminal law tools.  These remedies are not just limited to Switzerland as they are often available in many countries around the world.  Besides… Continue Reading

Following The Money Trails From Marital Assets To Nazi-Looted Art

Posted in Asset Search/Fraud Investigation, Bankruptcy, Divorce & Child Support, Holocaust-Era Assets, Money Laundering, Tax Fraud

Nazi-looted art, bankruptcy estate assets, marital assets and almost anything else can conceivably be secretly transferred by common methods.  Just a few of the common methods include the use of intermediaries (i.e. nominees), forgeries, portable valuable commodities and multiple jurisdictions to fraudulently transfer or hide assets. By studying these kinds of methods, the continuing legal education… Continue Reading

Asset Search News Roundup: January 21, 2011

Posted in Asset Search News, Financial Institutions, Holocaust-Era Assets, Public Corruption, Tax Fraud, White-Collar Crime Generally

The January 21st "Asset Search News Roundup" talks about tracking Nazi-looted art; a proposed rule for detecting bank deposits by foreigners; and the Haitian money trail. The Swiss have made available on the Internet the "FDHA/FDFA Report on the State of Work on looted Art during the National Socialist era, in particular, on the subject… Continue Reading

Asset Search News Roundup: December 15, 2010

Posted in Asset Search News, Financial Institutions, Swiss Banks, Tax Fraud

Today’s roundup concerns the use of intermediaries, (i.e. nominees), to conceal beneficial ownership in both the registration of airplanes and use of financial accounts. Bloomberg.com & Reuters write that the FAA is requiring the re-registration of U.S. aircraft to help identify an estimated 119,000 unaccounted for aircraft owners.  While this measure will hopefully bolster homeland… Continue Reading

Asset Search News Roundup: November 15, 2010

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

Tax transparency, three African heads of state and Peruvian cultural artifacts, are the subjects of the November 15, 2010 “Asset Search News Roundup”: “Tax Transparency: Presentation of the Report on progress made against international tax evasion” published by the OECD, stressed the critical role of cross-border cooperation in fighting international tax fraud.  IRS Commissioner Doug… Continue Reading

Asset Search News Roundup: October 27, 2010

Posted in Asset Forfeiture, Asset Search News, Financial Institutions, Public Corruption, Tax Fraud

The October 27th “Asset Search News Roundup” covers Former Premier Michael Misick and tax fraudster Erwin Mayer: At “The Actress, An Ex-Premier & Hip Hop Weekly Magazine“, I last mentioned former Turks & Caicos premier Michael Misick and his ex-wife, Lisa Raye McCoy.  The September 24th Miami Herald article “British official says elections in Turks… Continue Reading

Asset Search News Roundup: October 13, 2010

Posted in Asset Search News, Asset Search/Fraud Investigation, Money Laundering, Tax Fraud

This “Asset Search News Roundup” is about a few companies currently offering asset protection over the Internet. The first of these companies is Panama Legal, S.A.  Its Web site says that “Bullet Proof Asset Protection” is attainable by forming a “Panama Bearer Share Corporation“.  “Bearer Shares & An Asset Search“, meanwhile mentions that bearer shares may… Continue Reading

Asset Search News Roundup: September 26, 2010

Posted in Asset Forfeiture, Asset Search News, Divorce & Child Support, Drug-Related Assets, Money Laundering, Tax Fraud

Detecting crimes during a marital asset search and Mexico’s ubiquitous drug cartel violence, are examined by the September 26th "Asset Search News Roundup". Any crimes committed by a divorcing spouse hiding assets would conceivably be detected during a marital asset search. As the following articles reveal, a divorcing spouse hiding assets might possibly face a… Continue Reading

Asset Search News Roundup: September 12, 2010

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

The OECD’s latest paper on transparency in tax matters; a Bulgarian money laundering investigation; and Trevor Cook’s September 9th declaration; are featured at this "Asset Search News Roundup". The OECD website has published the September 3rd brief, "Promoting Transparency and Exchange of Information for Tax Purposes". The brief highlights the significance of cross-border cooperation as… Continue Reading

Asset Search News Roundup: August 22, 2010

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

A Van Gogh goes missing; articles about asset recovery basics; and Barclay’s Bank: Egyptian authorities are trying to recover a Van Gogh that went missing on Saturday after it was stolen from the Mohamed Mahmoud Khalil Museum. The museum houses a fine art collection worth at least $1.2 billion and the the Van Gogh’s theft… Continue Reading

Asset Search News Roundup: July 28, 2010

Posted in Asset Search News, Financial Institutions, Money Laundering, Swiss Banks, Tax Fraud

This "Asset Search News Roundup" features France’s richest woman; a retired Orlando police officer; and actor Wesley Snipes: "Police question French heiress over scandal" reports that France’s richest woman,L’Oreal heiress Liliane Bettencourt, is suspected of hiding assets from French tax authorities. Among other things, French authorities are believed to be investigating whether the heiress could… Continue Reading

Is There A “John Doe” Summons In HSBC’s Future?

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

My July 11th "Asset Search News Roundup" mentioned that U.S. prosecutors were investigating HSBC since some U.S. taxpayers were suspected of using foreign HSBC bank accounts to facilitate tax frauds.  Swiss prosecutors meanwhile, are separately investigating whether former HSBC employees Hervé Falciani and Georgina Mikhael had illegally accessed bank customer information at HSBC in Geneva.   … Continue Reading

Asset Search News Roundup: July 20, 2010

Posted in Asset Search News, Tax Fraud

Alleged medicare fraud, joint tax audits and recovered art are discussed by this "Asset Search News Roundup": Federal prosecutors announced Friday that ninety-four people were charged with participating in an alleged attempt to defraud the Medicare program out of $251 million. A Department of Justice press release explained that arrests related to the case were… Continue Reading