This week’s roundup highlights three different matters in which assets were hidden by a "john" patronizing prostitutes; a Pakistani national engaged in terrorist financing; and an attorney from Utah:
- The Charlotte Observer reported at "2nd guilty plea in call-girl ring case" , that a "john" pleaded guilty to tax fraud for hiding revenue from the IRS by deducting his payments to prostitutes as a business expense of his construction company.
- An FBI press release announced yesterday that Pakistani national Saifullah Anjum Ranjha pleaded guilty to conspiring to launder money and to concealing terrorist financing through the hawala system. As briefly mentioned by "Asset Search Indicia For Divorce, Debt Collection & Bankruptcy", hawala and other alternate remittance systems are common money laundering / asset concealment methods.
- Attorney Dennis B. Evanson of Utah, was sentenced on August 15, 2008 to serve ten years in prison for his role in an abusive offshore tax avoidance scheme. Mr. Evanson had earlier been indicted with five co-defendants for concealing assets by using nominees, offshore bank accounts and other means.
Copyright 2008 Fred L. Abrams