This "Asset Search News Roundup" is about "politically exposed persons" who are accused of hiding cash during alleged bribe-taking. One such person is Governor José Roberto Arruda of Brasilia. "Brazil in shock as secret video catches ‘corrupt’ governor red-handed", reports that Brazilian Federal Police in "Operation Pandora" possess surveillance video
Asset Search News Roundup: November 28, 2009
On November 23rd the U.S. SEC commenced its enforcement action by filing the following civil complaint for suspected securities fraud against Minneapolis money managers Trevor Cook and Patrick Kiley:
(To Read The SEC’s Complaint, Click On It)
As I last wrote in my October 29th "Asset Search News Roundup", Mr. Cook and Mr. Kiley could conceivably also face money laundering charges. If this happens, they would be following in the footsteps of other suspected Ponzi schemers who were named in SEC civil complaints and then criminally prosecuted for alleged money laundering or other suspected financial frauds.Continue Reading Asset Search News Roundup: November 28, 2009
Asset Search News Roundup: November 22, 2009
This "Asset Search News Roundup" mentions the sentence of a former Louisiana congressman and the 14,700 U.S. taxpayers who sought partial amnesty from the IRS:
- A November 13th FBI press release explained that Former Louisiana Congressman William Jefferson was sentenced to thirteen years in prison for public corruption and other crimes. As I discussed at
Asset Search News Roundup: November 16, 2009
A tax filing at the "Financials Page" of its website reveals that the Alavi Foundation had assets in 2007 with a fair market value of nearly $88 million. Federal prosecutors meanwhile, filed an amended complaint last Thursday against The Alavi Foundation. It sought asset forfeiture, as reported by Reuters, The New York
Asset Search News Roundup: November 9, 2009
This “Asset Search News Roundup” scrutinizes offshore tax havens:
- A November 3rd press release describes “The Stop Outsourcing and Create Americans Jobs Act of 2011”, (bill H.R. 3338), introduced by Rep. Jerry McNerney (CA-11). The press release explains “the bill would increase penalties for corporations guilty of a variety of illegal
Asset Search News Roundup: November 10, 2009
On the radar this week is: former Police Commissioner Bernard Kerik’s guilty plea and following the money trail to Canada.
- After I wrote "Bernard Kerik Is Jailed While His Trial Is Delayed", the former police commissioner pleaded guilty to hiding assets in a tax fraud and public corruption charges. The details of Mr.
Asset Search News Roundup: November 4, 2009
The October 22, 2008 "Asset Search News Roundup" mentioned the problem of money launderers concealing assets through money mules. The Federal Deposit Insurance Corporation issued its own alert last week about this same use of money mules:
Click Here For A Complete View Of Last Week’s Alert
A money mule making a wire
Asset Search News Roundup: October 29, 2009
This "Asset Search News Roundup" is about the clawback claim filed against the late billionaire Jeffrey Picower and hiding assets by laundering them through multiple jurisdictions:
- "Madoff friend drowned due to heart attack" reported that on October 25, 2009 billionaire Jeffrey Picower died because of a heart attack and accidental drowning in a
Asset Search News Roundup: October 23, 2009
A U.S. Army Sergeant pleads guilty to taking bribes, then trying to conceal them in a money laundering conspiracy and $32.8 million in U.S. currency is interdicted because of “Project Coronado”:
*A U.S. Department of Justice press release describes the conviction of Army Sergeant Ana C. Chavez for a public corruption scheme which had bribery
Asset Search News Roundup: October 17, 2009
Holocaust-era assets and drug-related assets are both covered by this “Asset Search News Roundup”:
*My article “Searching For Nazi-Looted Art” described the Holocaust-era assets / contested provenance case ofBakalar v. Vavra, Index No. 05-CV-3037 (S.D.N.Y.). The trial court in Bakalar rejected the claim that Egon Schiele’s “Seated Woman With Bent Left