If your spouse is a highly paid key employee, your spouse may participate in a nonqualified deferred compensation plan offered by an employer. By using this kind of plan, your high net worth spouse might reduce taxes by deferring an employer’s payment of salary, stock share certificates, cash or other assets. The YouTube

This chart shows how dentist Glenn E. Lockwood allegedly hid assets by structuring cash withdrawals.¹
The First Scheme To Hide Assets

Prosecutors in U.S.A. v. Lockwood, allege Alaska dentist Glenn Lockwood hid assets twice from the IRS.  During Mr. Lockwood’s first scheme, Mr. Lockwood supposedly hid $575,000 in federal income

By using forensic computer experts in your divorce, you might identify a money trail leading to community property your spouse hid from you. In fact, you may be able to ask the Court to appoint a forensic computer expert to act as special master in your case. This special master would examine your spouse’s computer

I. Alleged Hidden Marital Assets At A Bahamian Trust

Mrs. Jennifer Stein suspected her anesthesiologist husband Dr. Barry D. Stein, had hidden marital assets during their divorce.  According to Mrs. Stein, Dr. Stein transferred assets to a Bahamian trust to place them out of Mrs. Stein’s reach. Dr. Stein allegedly manipulated the family finances, Mrs.

Concealing AssetsIn USA v. Allen, Pennsylvania anesthesiologist Mr. James G. Allen Jr. pleaded guilty to tax fraud on June 4, 2019. Mr. Allen’s plan for concealing assets from the IRS seemingly relied on two common concealment methods. These two methods were abusing an offshore bank account and misusing a nominee, (i.e. intermediary). Mr.

We all know that compared to money hidden at domestic bank accounts, money hidden in offshore accounts is harder to detect and interdict. This explains why offshore bank accounts are perhaps the most widely used method to hide vast sums of money. Individuals ranging from high-net-worth divorcing spouses to narco-traffickers and terrorist financiers can use

The IRS thinks Florida businessman and Novatek CFO Mark Anthony Gyetvay, had hidden money offshore. The IRS believes Mr. Gyetvay secretly stashed as much as $93 million offshore in 2 Swiss bank accounts. On September 22, 2021 Mr. Gyetvay was indicted for suspected: tax fraud, failure to file FBAR’s, making false statements

I) PANAMÁ OFFSHORE LEGAL SERVICES

You won’t have an easy asset search if your adversary hires a Nominee Incorporation Service, (“NIS”), to hide assets from you. A NIS helps its customers establish corporations &/or other entities. In The Matter Of The Tax Liabilities Of John Does, prosecutors essentially alleged the Panamanian law firm