A Financial Intelligence Unit (“FIU”) tracks hidden assets by “following the money.” There is always a money trail when assets are hidden and money is laundered. One way FIUs follow a money trail is by collecting suspicious activity reports from banks about bank customers. FIUs can follow a bank customer’s money trail
Attorney Sentenced For Secretly Transferring Money
In USA v. Pursley prosecutors alleged Houston attorney Jack Stephen Pursley helped his client Shaun Philip Mooney repatriate money hidden offshore. On August 5, 2020 Attorney Pursley was sentenced to two years of prison on conspiracy and tax evasion charges.
I. Attorney Pursley’s Alleged $18 Million Transfer To The U.S.
Attorney Pursley was accused of
Using An Offshore Credit/Debit Card To Hide Money
Harvard Professor Charles Lieber allegedly had: an 1) offshore credit/debit card; 2) an offshore bank account; 3) and supposedly made false statements to investigators. Professor Lieber apparently used the three to hide money he earned from the Chinese Government. Therefore, in USA v. Lieber federal prosecutors filed Mr. Lieber’s 1/27/20 criminal complaint. On 1/28/20
Placing Assets Offshore To Hide Them
Your adversary may be placing assets offshore to hide them from you. Meanwhile, you could be trying to locate these assets through an asset search. One thing you might be able to do is spot the common methods for placing assets offshore. If you find your adversary used these methods, it might help you sniff
How Ghislaine Maxwell Could Have Hidden Real Estate & Other Assets
The criminal case against Ghislaine Maxwell for allegedly grooming Jeffrey Epstein’s victims, might show how to hide real estate & other assets by employing: a shell company, lawyers, cash; & numerous bank accounts. Prosecutors’ 7/2/20 “Memorandum In Support Of Detention” says Ms. Maxwell’s apparent New Hampshire hideout was purchased in December 2019 “
Flowcharts In Your Asset Search
Make flowcharts in your asset search to show how your adversary has hidden money or other assets from you. The flowcharts in your asset search might document that
Divorce & Hidden Money: A Husband Thought To Be A Smurf
This 40th post in my Divorce & Hidden Money series mentions Mr. Vardan Keshishyan, who reportedly hid money from his divorcing wife by smurfing (a.k.a structuring ). In the context of money laundering, a smurf makes cash deposits below a bank’s threshold for reporting cash deposits to the government. By doing this the smurf
Free Asset Search Tools
Free asset search tools range from seeking information about shell companies to detecting real estate ownership in New York City. At “CorporationWiki” you may possibly gather information about shell companies & at “ACRIS” you can search for NYC real estate ownership. I mentioned CorporationWiki & ACRIS at “A Low-Cost Asset Search
Track Hidden Money Senator Warren’s Plan Says
Last Tuesday Senator Warren released her plan to track hidden money & fight corruption. Money launderers, tax dodgers, narco-traffickers; terrorist financiers and other fraudsters can easily establish shell companies without disclosing who actually owns the shell companies. They open bank accounts and maintain the bank accounts in the names of the shell companies,
Your Asset Search For Stock Share Certificates
An asset search for stock share certificates begins with looking for red flags. These red flags are listed at the July 2019 paper “FIU Tools and Practices for Investigating Laundering of The Proceeds of Corruption.” As page 19 paragraph 29 of the paper says, you should look for:
“[R]eceiv[ing] or purchas[ing] shares