Investigating & Recovering Hidden Money & Other Assets
Today’s “Asset Search News Roundup” is about politically exposed persons and a suspected laundering scheme.
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“A Doctor, A Lawyer & Bricks Of Cash” revealed the role a Liechtenstein trust had in maintaining a secret Swiss bank account. The February 3, 2010 superseding indictment of former attorney Micaela Renee Dutson and her husband Tony Dutson, too raised the issue of trusts and hidden assets. This indictment depicted below,…
The following fact pattern has been changed for privacy reasons:
Robert received dunning letters and phone calls from debt collectors because he supposedly owed more than $50,000 dollars in credit card debt. The debt collectors alleged that various financial institutions had issued Robert seven credit cards many years ago. These debt collectors too claimed that…
“Recognizing Hidden Assets, The Red Flags” explained that bankruptcy trustees, tax authorities, financial intelligence units, etc. search for concealed assets by looking for red flags of fraud or other illicit acts. Lawsuits brought by investors damaged by Ponzi schemes also may focus on red flags, as described at “Florida Court Unlikely…
Nazi-looted art, bankruptcy estate assets, marital assets and almost anything else can conceivably be secretly transferred by common methods. Just a few of the common methods include the use of intermediaries (i.e. nominees), forgeries, portable valuable commodities and multiple jurisdictions to fraudulently transfer or hide assets.
By studying these kinds of methods, the continuing…
According to his wife’s September 28, 2009 affidavit, Dennis Hecker had stopped financially supporting her and was hiding assets. Dennis Hecker’s wife therefore asked Judge Jay M. Quam of Hennepin County Minnesota, to impute income to Mr. Hecker and to issue an interim order of spousal maintenance and child support. As more fully set…
In his January 7, 2009 letter, Satyam Computer Services Ltd. founder and ex-chairman B. Ramalinga Raju wrote that Satyam had overstated its profits. As a 2009 Reuters article observed, Mr. Raju’s January 7th letter indicated that approximately $1 billion or 94% of Satyam’s cash on its books was a fictitious asset. This article also mentioned…
Asset Search Blog articles quoting “Roger” the former foreign intelligence officer are “Following The Money Trail In Zurich” and “Offshore Bank Accounts In Liechtenstein“. The end of this article also features “Roger”, although its facts have been sanitized / changed for privacy reasons.
As a consequence of his U.S.-based Ponzi scheme…
“During A War Everybody Loots A Little Bit” stated thatmore than 20% of Europe’s art was believed to have been looted by the Nazis. Just some of this art was eventually recovered at or near: Vicenza, Italy; Linz, Austria; the home of the Nazi Governor-General of Poland; the Seigen copper mine in Germany;…
"Illegally Accessing Customer Information At U.S. Banks" characterized the Gramm-Leach-Bliley Act as a U.S. bank secrecy law. On the one hand, it and other bank secrecy laws around the world protect the privacy of bank customers entrusting financial information to banks. On the other hand, bank customers can easily abuse these laws during…