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

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

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

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

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

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.

The

One of the worst child support cases I know about is Janet O. v. James O., slip op. 51985 (Sup. Ct. N.Y. County, October 17, 2006). The ex-husband in Janet O had not made any child or spousal maintenance support payments for 30 years. By moving from New York and living offshore in

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

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

HIDDEN MONEY & CRIMES

When one spouse uses different ways to hide money from the other spouse, criminal laws are sometimes violated. The spouse who has hidden money because of a divorce could conceivably commit one or more of these crimes:

  1. 26 U.S. Code § 7201 (tax fraud);
  2. 18 U.S. Code § 1341 (mail