Interdicting assets parked in Switzerland and forgeries–
An IRS webpage identifies U.S. residents accused of engaging UBS AG to maintain secretly opened Swiss or other foreign bank accounts:
(Click On The Image To View The Webpage)*
One person cited by this webpage is Ms. Lucille Abrahamsen Jackson, of Hillside New Jersey. She reportedly concealed assets in a Swiss bank account by using a Panamanian company as her nominee, (i.e. intermediary). To detect these kinds of Swiss bank accounts, claimants ranging from the IRS to divorcing spouses may pursue different legal remedies.Continue Reading Searching For Bank Accounts Secretly Opened In Switzerland
Piercing trusts and competing over $1.2 million dollars in the Trevor Cook asset recovery case–
This "Asset Search News Roundup" discusses a letter rogatory from Italian prosecutors and the recent U.S. fines issued in the case involving India’s Satyam Computer Services.
Asset Search Blog articles quoting “Roger” the former foreign intelligence officer are “Following The Money Trail In Zurich” and “Offshore Bank Accounts In Liechtenstein“. The end of this article also features “Roger”, although its facts have been sanitized / changed for privacy reasons.
As a consequence of his U.S.-based Ponzi scheme
"Illegally Accessing Customer Information At U.S. Banks" characterized the Gramm-Leach-Bliley Act as a U.S. bank secrecy law. On the one hand, it and other bank secrecy laws around the world protect the privacy of bank customers entrusting financial information to banks. On the other hand, bank customers can easily abuse these laws during
Kleptocrats hiding assets in Swiss banks and investors subject to clawback claims in the U.S., may have something in common. Each could conceivably bear the evidentiary burden of proof in asset recovery cases brought against them. The Swiss Restitution Of Illicit Assets Act (“RIAA”) for example, shifts the burden of proof onto crooked politically exposed
Securities fraudster Trevor Cook, assets that might have been misappropriated from former East Germany, and over $2 million is interdicted at a U.S.-Mexican border crossing:
American and Swiss officials are ramping up their efforts to recover assets hidden by corrupt foreign politically exposed persons commonly referred to as kleptocrats. A few of my thoughts about this are included at MoneyLaundering.com’s August 6th article “U.S., Swiss Initiatives to Recover Looted Assets Likely to Bring Banks More Subpoenas, Regulatory Scrutiny “:
This "Asset Search News Roundup" features France’s richest woman; a retired Orlando police officer; and actor Wesley Snipes: