Since Mr. Jack Stephen Pursley’s tax evasion case showed methods for hiding assets, I discussed his case at my August 16, 2020 post . Then on January 12, 2022, The U.S. Court of Appeals vacated Mr. Pursley’s criminal conviction. Meanwhile, on March 28, 2023 Mr. Pursley pleaded guilty to Count One of his
PROVING YOUR SPOUSE HID COMMUNITY PROPERTY IN SECRET BANK ACCOUNTS
During your divorce you may need to search for community property your spouse hid in secret bank accounts.1 If your asset searches & / or bank searches show your spouse hid community property, you may need to prove this in Court. If so, there are pitfalls you can avoid which are discussed below. I
How Strachans S.A. Used Common Methods To Hide Assets
In 2014 the offshore financial services firm Strachans S.A. voluntrarily disclosed to U.S. authorities that Strachans had helped some U.S. taxpayers hide assets and income from the IRS. Therefore, prosecutors in U.S.A v. Strachans S.A. IN Liquidation accused Strachans of conspiring to defraud the United States as contemplated by 18 U.S.C. § 371. Based
Divorce & Hidden Money: An Offshore Asset Search Via The IRS
How do you perform an offshore asset search at the time of your high-net-worth divorce? If your spouse is a taxpayer in the U.S., your spouse may have to make tax filings about assets parked offshore. Among other things, your offshore asset search should elicit any of your spouse’s tax filings about offshore assets. You
Asset Search & Asset Recovery Tools
If you claim in court that someone is hiding assets from you, you may need to use one or more of the asset search & asset recovery tools. You can use the tools to help you shoulder the burden of proving your claim. Stated otherwise, you can use the tools to provide the Court
3 Ways To Detect Assets & A Money Trail
A Financial Intelligence Unit (“FIU”) tracks hidden assets by “following the money.” There is always a money trail when assets are hidden and money is laundered. One way FIUs follow a money trail is by collecting suspicious activity reports from banks about bank customers. FIUs can follow a bank customer’s money trail
Attorney Sentenced For Secretly Transferring Money
In USA v. Pursley prosecutors alleged Houston attorney Jack Stephen Pursley helped his client Shaun Philip Mooney repatriate money hidden offshore. On August 5, 2020 Attorney Pursley was sentenced to two years of prison on conspiracy and tax evasion charges.
I. Attorney Pursley’s Alleged $18 Million Transfer To The U.S.
Attorney Pursley was accused of
Using An Offshore Credit/Debit Card To Hide Money
Harvard Professor Charles Lieber allegedly had: an 1) offshore credit/debit card; 2) an offshore bank account; 3) and supposedly made false statements to investigators. Professor Lieber apparently used the three to hide money he earned from the Chinese Government. Therefore, in USA v. Lieber federal prosecutors filed Mr. Lieber’s 1/27/20 criminal complaint. On 1/28/20
Placing Assets Offshore To Hide Them
Your adversary may be placing assets offshore to hide them from you. Meanwhile, you could be trying to locate these assets through an asset search. One thing you might be able to do is spot the common methods for placing assets offshore. If you find your adversary used these methods, it might help you sniff
Hiding Assets By Laundering Them
Determined criminals hiding assets typically wash assets by using money laundering methods. Laundering methods include: commingling funds; opening secret offshore bank accounts; hoarding & smuggling cash; titling assets in the name of nominees; etc. The Asia/Pacific Group On Money Laundering lists these and other key money laundering methods at its typologies webpage.
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