O.J. Simpson’s Pro Football Hall of Fame ring; a report that Minnesota could even suffer because of Bernard Madoff’s suspected $50 billion Ponzi scheme; and Liechtenstein’s new Tax Information Exchange Agreement; are the focus of this "Asset Search News Roundup":
- By interdicting O.J. Simpson’s diamond encrusted Pro Football Hall of Fame ring, Judgment Creditor Fred Goldman hopes to satisfy part of his $33.5 million judgment arising from the slaying of his son, Ron Goldman. "O.J. Simpson victim denies he has Hall of Fame ring", reports that memorabilia dealer Alfred Beardsley specifically claims he does not possess the ring. According to an Associated Press article, Mr. Beardsley further alleged during forced collection proceedings, that O.J. Simpson may have "lost the ring on a golf course years ago".
- "Minn. budget may be victim of Madoff fraud", speculates that Minnesota could possibly suffer losses in state income tax revenue as a result of Bernard Madoff’s alleged $50 billion Ponzi scheme. Mr. Madoff now faces a federal criminal complaint; a Securities and Exchange Commission complaint and is the subject of a temporary restraining order freezing his assets. The attached Department of Justice press release also discusses the arrest of the 70-year-old Mr. Madoff.
- "Offshore Bank Accounts In Liechtenstein" mentions that the German-Liechtenstein border has been a popular land crossing for hiding / smuggling cash destined for Liechtenstein’s banks. Liechtenstein however, might possibly be leaning toward greater transparency at its banks. A recent press release for example, indicates that the attached Tax Information Exchange Agreement could lead U.S. tax authorities to assets hidden in Liechtenstein.
Copyright 2008 Fred L. Abrams