The following is a list of Asset Search Blog posts which discuss data brokers; private investigators; bankers; suspected tax fraudsters; etc. As these posts show, asset searches & asset recoveries sometimes raise privacy &/or criminal law issues.
If you are a divorcing spouse, judgment creditor or anyone else who believes they may need to do a bank search to locate hidden assets parked offshore, read this post to see how individuals sometimes hide their assets. It covers the legal remedies that may be available to you in your asset search for offshore bank accounts. This post was first published in 2013 and was called “Hidden Assets Offshore & A Bank Search To Find Them.”
Beneficial owners around the world are able to secretly transfer assets across international borders into offshore bank accounts. The beneficial owners sometimes do this by money laundering through multiple jurisdictions; bulk-cash smuggling; back-to-back loans; shell companies; nominee incorporation services & gatekeepers like lawyers. Legal remedies are however, usually available for finding hidden assets transferred offshore. These remedies may even include seeking a court order directing a Swiss or other offshore bank to perform a bank search and disclose bank customer information.
The link chart below describes how one divorcing husband concealed both undeclared revenue and marital assets via multiple jurisdictions.¹ The husband laundered millions from the U.S., through a Swiss bank and a German one. Prior to the equitable distribution hearing in his divorce, the husband alleged he had a liability of $29 million owed to a prime bank in Germany because of an arm’s length business loan. As this link chart reveals, the supposed arm’s length loan was back-to-back , (i.e. a fully collateralized loan in which the borrower and the lender are one and the same):
(Click On The Link Chart To Enlarge)
Continue Reading An Asset Search To Find Secret Offshore Bank Accounts
Many Asset Search Blog articles emphasize the role intermediaries, (i.e. “nominees”), can have in asset concealment schemes. This 24th post in the “Divorce & Hidden Money” series reminds you that your divorcing spouse might utilize nominees to hide assets from you.
During your divorce you may need to pursue an asset search in
This is the 23rd post in the “Divorce & Hidden Money” series:
What can you do
This 22nd post in the “Divorce & Hidden Money” series says an asset search of your spouse should include inspecting your spouse’s passport:
Did your spouse hide assets from you during your divorce by opening a secret offshore bank account or by placing valuables like diamonds in a safe deposit box offshore? Did
Part 1 &/or Part 2 of this post described recent efforts by the judgment creditors in Havlish v. bin Laden to collect on
Part 1 of this post discussed the judgment creditors in Havlish v. bin Laden who are are trying to interdict assets owned by Iran. Part 1 explained the judgment creditors sought to attach monies reportedly earmarked for the purchase of Airbus aircraft. Before seeking the attachment of the monies, the judgment creditors subpoenaed confidential information
The Court found Iran was behind the 9/11 terrorist attacks and Iran is therefore liable for the money damages set forth by the October 2012 Order issued
A July 1, 2015 press release outlines the recovery of a Chola-period bronze statue, by U.S. law enforcement officials. The press release mentions the 11-12th century Chola statue was stolen & smuggled
If someone is hiding assets, you might detect the assets by reviewing: corporate records; patents & trademarks; court papers; U.C.C. filings; real estate documents; or through additional basic research. “A Low-Cost Asset Search” gives information about how to perform basic research. Although basic research can lead to a good result, it may not