My post "Asset Search & Fraud Investigation" mentions an August 1, 2006 report on offshore tax haven abuses. Pages six to seven of that 2006 report claimed that Quellos Group LLC hid $2 billion in capital gains from the IRS.  After the report was issued, Quellos was acquired by BlackRock Inc. on October…

Covered this week is news about a former small-town Florida sheriff who pleaded guilty to hiding illicit assets / stolen public monies.  The fact that tax authorities from across the globe are working together to uncover those concealing assets in abusive offshore tax avoidance schemes, is also discussed.

• My May 4 "Asset Search News Roundup"

…

I first mentioned abusive offshore tax avoidance schemes in my July 28, 2007 post "Asset Search vs. Offshore Asset Protection".  Issues related to these same schemes are the subject of this "Asset Search News Roundup":

+The March 26, 2009 "Statement from IRS Commissioner Doug Shulman on Offshore Income", indicates the federal…

The U.S. Securities and Exchange Commission could soon file a civil complaint against Countrywide co-founder Angelo Mozilo; the United Arab Emirates is reportedly boosting its anti-money laundering efforts; and the Estate of Dr. Max Stern recovers Nazi-looted art; are all mentioned in this "Asset Search News Roundup".

1. Countrywide’s Angelo Mozilo may soon face civil proceedings

…

This "Asset Search News Roundup" is about the five directors of Aurelia Finance facing a Swiss criminal prosecution because of an alleged investment of $800 million in a Madoff feeder fund; the criminal conviction of / prospective asset forfeiture against the owner of Numero Uno supermarkets; and the billion dollars missing in the R. Allen…

Declaration systems are discussed in this "Asset Search News Roundup" because they can be used at border crossings to detect / search for illicit assets concealed by cash couriers or others.  The Financial Action Task Force’s "IX Special  Recommendation" even mentions that countries should use declaration systems against cash couriers to detect the…

The administrative complaint In The Matter of Fairfield Greenwich Advisors LLC and Fairfield Greenwich (Bermuda) Ltd., Docket 2009-0028, filed today in Massachusetts, is the topic of this "Asset Search Roundup".  As a review of today’s complaint reveals, Fairfield Greenwich Advisors LLC and Fairfield Greenwich (Bermuda) Ltd. are accused of being a feeder fund…