Tax Fraud

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My July 11th "Asset Search News Roundup" mentioned that U.S. prosecutors were investigating HSBC since some U.S. taxpayers were suspected of using foreign HSBC bank accounts to facilitate tax frauds.  Swiss prosecutors meanwhile, are separately investigating whether former HSBC employees Hervé Falciani and Georgina Mikhael had illegally accessed bank customer information at HSBC in…

Alleged medicare fraud, joint tax audits and recovered art are discussed by this "Asset Search News Roundup":

  1. Federal prosecutors announced Friday that ninety-four people were charged with participating in an alleged attempt to defraud the Medicare program out of $251 million. A Department of Justice press release explained that arrests related to the case were

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Today’s "Asset Search News Roundup" examines the criminal investigation into HSBC and the SEC’s case against Kenneth Wayne McLeod’s estate:

  • "U.S. Widens Tax Inquiry Into HSBC" reports that prosecutors are "ramping up their criminal investigation" of HSBC after U.S. taxpayers allegedly used foreign HSBC accounts to hide undeclared assets. My April

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The financial fraud investigation connected to Minneapolis money manager Trevor Cook is thought to have widened; Andrew B. Silva is sentenced in Virginia for tax fraud; and the delay in disclosing the names of some UBS AG bank customers:

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This "Asset Search News Roundup" highlights an updated tax protocol, a $40 million dollar asset recovery and the sentencing of New York securities fraudster Matthew D. Weitzman:

  1. On May 27, 2010 the Organisation For Economic Co-Operation And Development announced that the United States and ten other countries agreed to an updated tax protocol which provides

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The IRS is concentrating on tax fraud schemes in which assets are concealed by cross-border elements.  A recent Reuters’ article and a Department of Justice press release discussed such tax frauds, which the IRS refers to as abusive offshore tax avoidance schemes.  To try to detect these schemes, the IRS has used methods ranging…

This "Asset Search News Roundup" concentrates on an alleged $45 million dollar tax fraud and the conviction of Mr. Dennis Hecker’s girlfriend, Christi Michele Rowan:

  • An April 15th press release explained that property developers Mauricio Cohen Assor and his son, Leon Cohen-Levy are accused of hiding $45 million from the IRS by using nominees to

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My most recent “Asset Search News Roundup” reported about the April 13, 2010 plea agreement executed by securities fraudster and Ponzi schemer Trevor Cook.  In this plea deal, Mr. Cook pleaded guilty to tax and mail fraud charges, agreed to make restitution and is supposed to fully disclose his assets to prosecutors.

Mr. Cook must also cooperate with Receiver R.J. Zayed, who seeks to recover Receivership assets for the benefit of Mr. Cook’s Ponzi scheme victims.  Before the plea agreement happened, the Receiver made his March 29th statement.  It expressed “shared concern & frustration” over the asset recovery effort launched against Mr. Cook.  In this statement, the Receiver acknowledged that his efforts targeting Mr. Cook, have been criticized:

 (Click On The Following Image To Read The Complete Statement)

Continue Reading Interdicting A Ponzi Schemer’s Assets

The guilty plea of Minneapolis money manager Trevor Cook and the Court’s dismissal of a Wisconsin lawsuit against Associated Bank, are mentioned by today’s "Asset Search News Roundup":

* At a plea hearing that took 33 minutes yesterday, Trevor Cook pleaded guilty to counts one and two of his of his criminal information.  At…