Asset Search/Fraud Investigation

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

Prosecutors in U.S.A. v. Kozel accuse Mr. Todd Kozel former CEO of Gulf Keystone Petroleum Ltd., of hiding assets by using lawyers, shell companies & trusts. The prosecutors claim Mr. Kozel fraudulently concealed assets from his ex-wife Ashley Kozel during the former couple’s Sarasota County Florida divorce. Mr. Kozel’s alleged scheme is

How does a divorcing spouse hide assets at trusts? The spouse hiding assets first forms a trust. Next, this spouse fraudulently transfers assets part of the marital estate, to the trust. The spouse hiding assets can also take money from the marital estate & use it to make purchases in the name of

Determined criminals hiding assets typically wash assets by using money laundering methods. Laundering methods include: commingling funds; opening secret offshore bank accounts; hoarding & smuggling cash; titling assets in the name of nominees; etc. The Asia/Pacific Group On Money Laundering lists these and other key money laundering methods at its typologies webpage.

The

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 “

One of the worst child support cases I know about is Janet O. v. James O., slip op. 51985 (Sup. Ct. N.Y. County, October 17, 2006). The ex-husband in Janet O had not made any child or spousal maintenance support payments for 30 years. By moving from New York and living offshore in

This 42nd post in my Divorce & Hidden Money series mentions a divorcing wife, (Person “A”), believed to have hidden her ownership of a farm equipment company (Company “A”). This post is also about Mr. Dusko Bruer of Palm Beach County, Florida who had supposedly gifted Company “A” to Person “A”. Meanwhile, in USA v. Bruer prosecutors filed their January 30, 2020 criminal information accusing Mr. Bruer of hiding money from the IRS in secret offshore bank accounts and otherwise.

I)  PERSON “A” HID COMPANY “A” DURING HER DIVORCE

Mr. Bruer employed Person “A” as his personal assistant and as a bookkeeper for Company “A”. To possibly hide assets from the IRS, Mr. Bruer gifted his Company “A” to Person “A” in or about September 2009. At that time, Person “A” was embroiled in a contentious divorce case. During the divorce, Person “A” hid her supposed ownership of Company “A” from her husband. Person “A” did this by using her relative, (Person “B”), as the straw owner of Company “A”. At corporate records for Company “A,” Person “A” &/or Person “B” indicated Person “B” was the owner. However, Person “B” lacked the authority to run daily operations at Company “A”; and Person “A” and/or Mr. Bruer are believed to have been the true beneficial owner[s] of Company “A.”

II) MR. BRUER CONCEALED ASSETS/INCOME FROM THE IRS

Although Mr. Bruer purported to gift Company “A” to Person “A” in or about September 2009, Mr. Bruer apparently retained control over bank accounts belonging to Company “A”. After 2009, Mr. Bruer reportedly used these bank accounts:

  • to pay hundreds of thousands of dollars for his personal expenses, make investments offshore, and transfer money to his relatives and an employee;
  • in or about 2010 to purchase a 54-foot yacht called “Hawk’s Nest” for $235,000;
  • between 2010 to 2014 to pay about $135,000 for the service; registration; and docking of Hawk’s Nest and another yacht;
  • between 2012 and 2013 to pay a relative’s condo fees in NYC amounting to about $21,000;
  • between 2011 and 2014 to transfer approximately $540,000 to another company Mr. Bruer owned.


Continue Reading Divorce & Hidden Money: A Farm Equipment Company & Tax Fraud

Today’s post shows how Mr. Farkhad Akhmedov may have hidden money from his now ex-wife Tatiana Akhmedova. It describes how Mr. Akhmedov could have placed money out of Ms. Akhmedova’s reach by: using nominees (i.e. intermediaries) ; parking assets offshore; transferring assets to a Bermudian trust & Liechtenstein entities. This post is the 41st post

“Better Call Saul” & “Breaking Bad” remind us to look during asset searches for lawyers hiding money. In these fictional cable TV series, criminal defense lawyer Saul Goodman laundered money for meth maker Walter White & his co-conspirator Jesse Pinkman. At Breaking Bad’s Season 3, Episode 11 for example, Saul Goodman recommended washing illicit