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This 42nd post in my Divorce & Hidden Money series mentions a divorcing wife, (Person “A”), believed to have hidden her ownership of a farm equipment company (Company “A”). This post is also about Mr. Dusko Bruer of Palm Beach County, Florida who had supposedly gifted Company “A” to Person “A”. Meanwhile, in USA v. Bruer prosecutors filed their January 30, 2020 criminal information accusing Mr. Bruer of hiding money from the IRS in secret offshore bank accounts and otherwise.

I)  PERSON “A” HID COMPANY “A” DURING HER DIVORCE

Mr. Bruer employed Person “A” as his personal assistant and as a bookkeeper for Company “A”. To possibly hide assets from the IRS, Mr. Bruer gifted his Company “A” to Person “A” in or about September 2009. At that time, Person “A” was embroiled in a contentious divorce case. During the divorce, Person “A” hid her supposed ownership of Company “A” from her husband. Person “A” did this by using her relative, (Person “B”), as the straw owner of Company “A”. At corporate records for Company “A,” Person “A” &/or Person “B” indicated Person “B” was the owner. However, Person “B” lacked the authority to run daily operations at Company “A”; and Person “A” and/or Mr. Bruer are believed to have been the true beneficial owner[s] of Company “A.”

II) MR. BRUER CONCEALED ASSETS/INCOME FROM THE IRS

Although Mr. Bruer purported to gift Company “A” to Person “A” in or about September 2009, Mr. Bruer apparently retained control over bank accounts belonging to Company “A”. After 2009, Mr. Bruer reportedly used these bank accounts:

  • to pay hundreds of thousands of dollars for his personal expenses, make investments offshore, and transfer money to his relatives and an employee;
  • in or about 2010 to purchase a 54-foot yacht called “Hawk’s Nest” for $235,000;
  • between 2010 to 2014 to pay about $135,000 for the service; registration; and docking of Hawk’s Nest and another yacht;
  • between 2012 and 2013 to pay a relative’s condo fees in NYC amounting to about $21,000;
  • between 2011 and 2014 to transfer approximately $540,000 to another company Mr. Bruer owned.

Continue Reading Divorce & Hidden Money: A Farm Equipment Company & Tax Fraud

Today’s post is about Mr. Alex Nain Saab Moran (“Saab”) and Mr. Alvaro Pulido Vargas (“Pulido”) who could have hidden money at offshore banks; multiple jurisdictions; and in a nominee bank account (i.e. a bank account titled in the name of an intermediary).  I listed these three methods for hiding assets at “Red…

In USA v Dan Horsky prosecutors claimed Mr. Horsky had hidden money in Zurich, Switzerland at Credit Suisse and at other offshore banks. The gravamen of the allegations at Mr. Horsky’s criminal complaint was that Mr. Horsky concealed $200 million from the IRS in a tax fraud scheme. Two years ago Mr. Horsky was…

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During his corruption scheme, former congressman William Jefferson is thought to have hidden bribe monies in his refrigerator. He also apparently hid bribe monies by using shell companies formed in Delaware, Nigeria and other places. U.S. law enforcement officers were able to search for these illicit assets through search warrants and a letter rogatory seeking …