While “Roger” and I were walking near Bahnhofstrasse Street, Zurich, Roger suddenly stopped and had us duck into a corner shop. Once inside the shop Roger appeared to be looking for a particular item displayed in the shop’s front window, although he was really scrutinizing the outside street. He explained afterwards how it was necessary to check if we were being followed: “But first you must choose a side street or a main street where there are not many pedestrians or traffic, not a busy thoroughfare. You take mental pictures of everyone you think could be potential followers or surveillance cars as you continue along, before entering a store with windows which will permit you to survey the street“.
Roger had a knack for locating offshore financial information because of his former work as an intelligence officer. He and I were in Zurich on our way to meet my local Swiss counsel. We were following the money trail of a financial fraudster who pretended in his U.S. court case to have a negative net worth. Roger had brought with him the details of the fraudster’s finances, which demonstrated that the fraudster had hidden tens of millions of dollars by money laundering through Switzerland. Roger was about to share this information with me for the first time, at our meeting with the Swiss counsel.
In some cases, offshore financial information discovered during an asset search suggests that a foreign criminal law has been violated. In Switzerland for example, one might conceivably violate criminal laws by lying about the beneficial ownership of a bank account, as mentioned in this legal memo from Swiss counsel:
(To Read The Legal Memo, Click On The Image Above)Continue Reading Following The Money Trail In Zurich