Divorce & Child Support

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One way a debtor may frustrate an asset search or delay forced collection proceedings is to dissipate assets through an excessive divorce settlement.  According to "Tyco gets OK to freeze Kozlowski’s assets" for example, ex-Tyco chief executive Dennis Kozlowski may be using his divorce settlement to delay his creditors.  At In Re: Tyco…

Attorney Terry Christensen was convicted along with private investigator Anthony Pellicano on August 29, 2008, as reported by The New York Times and The Wall Street Journal Law Blog.  According  to the criminal minutes from his trial, Mr. Christensen had been found guilty of his two-count indictment for violating 18 U.S.C. 371 (Conspiracy) and…

According to Kohl v. Kohl, the Manhattan District Attorney had investigated N.Y.C. contractor Ted Kohl in 1995 for alleged money laundering, larceny and tax evasion.  Mr. Kohl had also been the subject of an asset forfeiture claim because of the District Attorney’s investigation.  As a countermeasure to the forfeiture claim, Mr. Kohl conveyed assets…

The divorcing spouse was suspected of hiding marital assets & the divorcing spouse’s personal computer may have contained secret financial information.  The divorcing spouse had removed this computer from the marital residence in anticipation of the divorce.  In this situation, a forensic examination of the divorcing spouse’s computer might help.

If given physical access to…

In the recent past, bearer shares especially allowed for anonymous corporate ownership.  A corporation that issued bearer shares had no central registry of the bearer share ownership.  As a glossary from the The Financial Action Task Force explains, “[b]earer shares refers to negotiable instruments that accord ownership in a legal person to the person…

The information supplied by foreign financial investigators indicated the divorcing husband had hidden marital assets offshore.  Evidence gathered during the divorce also suggested that the husband might have committed a tax fraud in hiding the marital assets.

To try to detect any additional assets hidden by the husband, I contacted Brian.  Brian was a former…

As my post  “Divorce, Child Support & Reporting Tax Fraud” mentioned, divorcing spouses sometimes tip the IRS about a suspected tax fraud.  Mrs. Benjamin for example, tipped the IRS because she thought that her divorcing husband had underreported revenue from his commercial maintenance and landscaping business.  She specifically provided the IRS with the…

Sometimes information from passports, phone records, or the documents found in one’s home can be a red flag that a divorcing spouse has hidden assets in an offshore bank.  One divorcing wife recently explained to me that her absconding husband had left a box full of Internet research about offshore banks in their basement.  These…