A trailer for the “Better Call Saul” show features the dry cleaner used by TV’s money laundering lawyer Saul Goodman. For me, the trailer highlights the fact that some lawyers hide their clients’ money by washing it via laundering links in a money laundering circuit. When lawyers wash large sums of money, the laundering links can be trusts; foreign or domestic bank accounts; shell companies; valuable real estate; etc. If a lawyer helps your adversary hide assets from you, there are basic measures for detecting assets which may help. The measures to search for these assets can include using: informants’ tips; forensic accountants; private investigators & pretrial discovery tools like the production request discussed here.
Furthermore, some Courts will order a lawyer concealing assets, to disclose those assets. As suggested at “An Asset Search Of A Lawyer Employed To Conceal Cash,” the Court might issue such an order even if the lawyer is hiding assets for a client who asserts the attorney-client privilege. The fact pattern at the bottom of this post, (Case Ref: 06078), is from the Egmont Group of Financial Intelligence Units. It describes how one lawyer/financial gatekeeper, laundered client monies. The following Asset Search Blog posts outline additional cases in which lawyers were thought to have hidden money:
- Seattle’s Ubiquitous Asset Protection Lawyer, Ms. Mary Simon (lawyer accused of establishing Belizean trust to hide client’s assets)
- Concealing Assets In More Than 150 Trusts? (lawyer allegedly sold sham trusts/allegedly facilitated sham asset protection schemes)
- Bearer Shares & An Asset Search (lawyer’s stock custody account & Cayman Island bank account used to hide assets)
- A Doctor, A Lawyer & Bricks Of Cash In Switzerland (lawyer allegedly hid funds at Swiss bank account & via a Liechtenstein trust)
- Red Flags & The IRS Search For Attorney Memmott’s Assets (lawyer accused of hiding his own assets through real estate & nominees)
Video: Courtesy of AMC Network Entertainment, LLC.
Case Ref. 06078 Courtesy of The Egmont Group of Financial Intelligence Units
Copyright 2016 Fred L. Abrams