California financier Danny Pang, former small-town Florida Sheriff Morris and a 29-year-old Mexican national, all share in common the fact that they are accused of hiding assets.  As this "Asset Search News Roundup" explains, these individuals are suspected of hiding assets by either smurfing, money laundering, or smuggling cash.

Mr. Pang meanwhile, has separately had his assets frozen and is the subject of the civil complaint described by a Securities and Exchange Commission press release.  As a Reuters’ article and Wall Street Journal blog post both report, Mr. Pang is accused of  defrauding investors out of hundreds of millions during a Ponzi-like scheme.


  • An April 28, 2009 press release describes how U.S. Customs and Border Protection agents interdicted the nearly $400,000 dollars depicted below.  Said monies were discovered close to the U.S.-Mexican border at the San Clemente checkpoint in the rear panels of a Volkswagen Gulf.  The Volkswagen had been driven by a 29-year-old Mexican national suspected of bulk cash smuggling in violation of 31 U.S.C. §5332.  The issue of bulk cash smuggling is also raised by my post: "Smuggling Cash Across Iraq’s Border". 


Image: U.S. Customs and Border Protection

  Copyright 2009 Fred L. Abrams