High net worth divorcing spouses, kleptocrats, bankruptcy debtors, judgment debtors, etc., can easily conceal their beneficially owned assets by utilizing Nominee Incorporation Services (“NIS”). Pages 63-64 of “The 2007 National Money Laundering Strategy” essentially explained that individuals may use NIS in schemes to hide assets through money laundering. Individuals sometimes hire
Divorce & Child Support
7 Tips For A Successful Asset Search
TIPS FROM EARLIER ASSET SEARCH BLOG ARTICLES THAT MAY HELP YOU RECOVER HIDDEN ASSETS:
DETERMINE BENEFICIAL OWNERSHIP—Has your adversary hidden assets by transferring them to nominees, (i.e. intermediaries), or by using nominees to make purchases? If your adversary does this, the success of your asset recovery may depend on showing that your adversary…
An Asset Search When Money Is Hidden Offshore
The following can help you detect money concealed in an offshore bank account:
I. DETECT A MONEY TRAIL
When an adversary hides funds at an offshore bank there is always an electronic trace. The trace occurs because the bank stores electronic information comprised of: bank account opening documents; bank signature cards; monthly bank statements; etc. …
Two Private Investigators & Their Bogus Asset Searches
This is the 9th post in my series discussing private investigators. It highlights former private investigators Elaine White & Cullen Johnson who were convicted of a money laundering conspiracy. The conspiracy involved bogus asset searches Ms. White & Mr. Johnson apparently performed for their clients. Mr. Johnson seemed to blame the bogus searches on
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Hiding Assets By Combining Bulk-Cash Smuggling With Other Methods
A divorcing spouse; judgment debtor; tax cheat; etc. may use several methods to conceal assets. “Red Flags For An Asset Search” listed 18 of these methods. The methods…
Revisiting Four Asset Search Blog Posts From 2015
Favorite Asset Search Blog posts from 2015 include:
Recovering Art Assets & Cultural Heritage Property—covers how divorcing spouses; terrorists & others may employ art to hide their assets. This post was written by Leila A. Amineddoleh, Esq. who is an art and cultural heritage lawyer and an adjunct professor at Fordham…
Red Flags For An Asset Search
Below is a list of red flags. Recognizing the red flags can help you detect assets your adversary has hidden from you. I first published the list in 2007 at my article “Asset Search Indicia For Divorce, Debt Collection & Bankruptcy.” The list consists of common asset concealment methods:
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Divorce & Hidden Money: Asset Searches In The U.S. For Divorces Brought Outside The U.S. (Part 2)
Part 1 of the instant post notes that if your divorce is…
Divorce & Hidden Money: Asset Searches In The U.S. For Divorces Brought Outside The U.S. (Part 1)
This 27th post in the “Divorce & Hidden Money” series looks at a way to search for assets in the U.S. when your underlying divorce case is brought outside of the U.S.
If your underlying divorce case is commenced in a foreign country, how do you search for secret bank accounts or other…
Divorce & Hidden Money: Searching For Assets Laundered Through Real Estate
This 26th post in the “Divorce & Hidden Money” series describes one way assets may be laundered through the purchase of real estate. It supplies the hypothetical situation of “Mark,” a high…