“HIDING HIGH-NET-WORTH ASSETS, WHAT YOU NEED TO KNOW,” is a new program and it is the first of its kind. I say this because it highlights how almost anything can be hidden and secretly transferred. I will present this new program with Leila A. Amineddoleh. Leila is a leader in the field of art and cultural
I will present my program “Searching For Hidden Assets” at the 20th Fraud & Forensic Accounting Conference hosted by Louisiana State University’s Department of Accounting. This annual conference will be held July 24-25, 2025
On 4/30/24 Congressman Henry Cuellar and his wife Imelda were indicted in USA v. Cuellar. According to their indictment, the two supposedly laundered $600,000
Structuring cash, (a.k.a. smurfing), is one thing to look for when spouses hide money during their divorces in community property states. US Treasury Department’s FinCEN explains structuring occurs if you “break up…currency transactions [at banks] into multiple, smaller amounts to avoid being reported to the government.”1 This means organizing cash transactions beneath the
As was widely reported, The U.S. House Committee on Oversight and Accountability, (“the Committee”), published its August 9th memo about Hunter Biden and some other Biden family members. On the one hand, House Republicans on the Committee allege
You may wonder if Infowars host Alex Jones, (“Jones”) has hidden his money or other assets. An expert in a lawsuit against Jones apparently claimed Jones and his Free Speech Systems company were worth as much as $270 million. Meanwhile, Jones reportedly said on his Infowars show he is worth less than $2 million.
Learning about concealment schemes can help you spot concealed assets your spouse places beyond your reach during your divorce. Therefore, a divorcing spouse trying to identify hidden marital assets / community property could learn a lesson from Dr. Krishnaswami Sriram. Dr. Sriram is thought to have concealed assets from the IRS in two suspected
We can learn how to search for assets by studying tax frauds. I say this because tax fraud cases show us the methods people use to conceal their assets. When we study tax fraud cases, we learn to recognize these asset concealment methods. Once we can recognize the methods, we know to look for them
If your spouse is a highly paid key employee, your spouse may participate in a nonqualified deferred compensation plan offered by an employer. By using this kind of plan, your high net worth spouse might reduce taxes by deferring an employer’s payment of salary, stock share certificates, cash or other assets. The YouTube
Tax fraudsters usually hide undeclared revenue &/or assets by using common concealment methods. By studying the methods you can improve your ability to identify hidden assets. This in turn increases your odds that your asset searches will be successful. The tax fraud case against NYC restaurateur Mr. Adell Kellel, highlights the concealment method of transferring