Investigating & Recovering Hidden Money & Other Assets
This "Asset Search News Roundup" concentrates on the International Centre For Asset Recovery ("ICAR"), which is part of the Basel Institute on Governance. ICAR’s "Knowledge Centre" is particularly geared toward helping "asset recovery practitioners, investigators, prosecutors and policy makers worldwide".
The Knowledge Centre generally has information for domestic governmental authorities, about forced…
Politically exposed persons who are involved in public corruption schemes, sometimes use money laundering to hide bribes or other illicit proceeds. Although not accused of money laundering, former Detroit city councilwoman Monica Conyers, was a politically exposed person suspected of accepting bribes. Monica Conyers is also the wife of House Judiciary Committee Chairman John Conyers. …
Identity theft can play a role in white-collar crimes ranging from money laundering to tax fraud. Perhaps most interesting are the schemes which share identity theft and money laundering as common elements, like the one mentioned at "A Tax Fraud & Identity Theft From Miami". Identity theft and money laundering are similarly…
My September 26, 2008 Asset Search News Roundup mentioned that public corruption crimes can involve concealing bribe payments or other illicit assets. This is perhaps why financial institutions sometimes check lists of “Politically Exposed Persons“, (i.e. individuals holding high foreign public office, a.k.a. “PEPs”), in an anti-money laundering program. These lists of “Politically…
Two U.S. mayors suspected of public corruption crimes are mentioned in this "Asset Search News Roundup". The first mayor described below, might have concealed a bribe via a home renovation. The second one is suspected of hiding gifts. Meanwhile, a third mayor was just arrested along with his wife for an alleged insurance fraud relating…
A "Misappropriated Public Assets" civil petition in France claims that the presidents of Gabon, Congo Brazzaville and Equatorial Guinea are likely hiding assets. The "Misappropriated Public Assets" petition against the three heads of state was filed December 2, 2008 by both Transparency International (France) and the Sherpa Association.
The assets at issue in France…
Past "Asset Search News Roundups" described different schemes in which assets have been hidden. This "Asset Search News Roundup" is similarly about the criminal complaint filed against Illinois Governor Blagojevich, which raises among other things, the question of whether Governor Blagojevich had possibly considered hiding / dissipating assets.
While the criminal complaint against Governor Blagojevich…
Ex-N.Y.P.D. Police Commissioner Bernard Kerik and Puerto Rico’s Governor Anibal Acevedo Vila are among the many indicted for allegedly hiding assets during public corruption and tax fraud schemes. This "Asset Search News Roundup" is an update about the criminal cases pending against both of them.
The Daily News reported that a superseding indictment was filed…
Covered by this "Asset Search News Roundup" are: a German student arrested for hiding $15 million in his luggage; Sir Ian Blair’s resignation amidst a public corruption claim; and the financial fraud investigation of AIG Insurance Company.
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Since public corruption crimes can involve the concealment of bribe money or other illicit assets, public corruption is the subject of this "Asset Search News Roundup". As partly mentioned at "White-Collar Crime & A Former Top Cop", Transparency International’s Corruption Perception Index annually ranks 180 countries by their perceived levels of corruption.
The…