Tipsters and protecting assets by going offshore–
- Information from tipsters sometimes leads to an asset recovery in cases as diverse as tax fraud and divorce. Earlier articles regarding tipsters include: (1)An Asset Search Via Whistleblowers & Other Tipsters; (2)Mass Leak Of Large Client Data Rattles Swiss Banking World; (3)Swiss Banker Blows Whistle on Tax Evasion.
- As discussed at my May 13th post, Capital Asset, Inc. promotes protecting assets by establishing companies in Nevada, Wyoming or Delaware. To similarly protect assets, Physiciansfortress.com advocates offshore: limited liability companies, trusts and captive insurance companies. A Physicianfortress.com webpage proclaims: “[o]nly if a lawsuit is filed against you is your money removed to an offshore jurisdiction.” Its “International Strategies: Offshore LLCs and Trusts” webpage also brazenly declares:
“Good offshore planning takes your assets out of your control and puts them in a place that the U.S. government cannot reach. The U.S. only has jurisdiction over people or property located within the U.S. borders. When you move your assets to an entity that is offshore, you remove your property from U.S. control.”
Copyright 2012 Fred L. Abrams