“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
Since Mr. Jack Stephen Pursley’s tax evasion case showed methods for hiding assets, I discussed his case at my August 16, 2020 post . Then on January 12, 2022, The U.S. Court of Appeals vacated Mr. Pursley’s criminal conviction. Meanwhile, on March 28, 2023 Mr. Pursley pleaded guilty to Count One of his
USA v. Trahan was about the criminal prosecution of former FBI Special Agent, Gregory Paul Trahan. During Mr. Trahan’s divorce, Mr. Trahan hid bank accounts and cash from his wife. Mr. Trahan also helped a person in another divorce, hide community property / cash. In furtherance of Mr. Trahan’s scheme to hide community property
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
If you are in a high net worth divorce, your spouse might hide community property from you by misusing:
These are just three of the common money laundering methods. Although not a high net worth divorce case, filings in Brooklyn Federal Court in USA v. Ahmad reveal
During your divorce you may need to search for community property your spouse hid in secret bank accounts.1 If your asset searches & / or bank searches show your spouse hid community property, you may need to prove this in Court. If so, there are pitfalls you can avoid which are discussed below. I
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