In USA v. Allen, Pennsylvania anesthesiologist Mr. James G. Allen Jr. pleaded guilty to tax fraud on June 4, 2019. Mr. Allen’s plan for concealing assets from the IRS seemingly relied on two common concealment methods. These two methods were abusing an offshore bank account and misusing a nominee, (i.e. intermediary). Mr.
CFO Allegedly Had Millions In Hidden Money Offshore
The IRS thinks Florida businessman and Novatek CFO Mark Anthony Gyetvay, had hidden money offshore. The IRS believes Mr. Gyetvay secretly stashed as much as $93 million offshore in 2 Swiss bank accounts. On September 22, 2021 Mr. Gyetvay was indicted for suspected: tax fraud, failure to file FBAR’s, making false statements
3 Tips For Your Bank Searches
As your adversary may hide money in multiple bank accounts, you may need to perform bank searches. For example, my December 21, 2020 post mentioned a scheme in which 150 checks worth $2 million were seemingly hidden at 12 bank accounts. At your bank searches you would seek your adversary’s customer information from banks. Therefore,
Learn To Spot Hidden Assets By Studying Tax Fraud
Tax fraudsters usually hide undeclared revenue &/or assets by using common concealment methods. By studying the methods you can improve your ability to identify hidden assets. This in turn increases your odds that your asset searches will be successful. The tax fraud case against NYC restaurateur Mr. Adell Kellel, highlights the concealment method of transferring
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
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
Lawyers, Shell Companies, Trusts & A Florida Divorce
Prosecutors in U.S.A. v. Kozel accuse Mr. Todd Kozel former CEO of Gulf Keystone Petroleum Ltd., of hiding assets by using lawyers, shell companies & trusts. The prosecutors claim Mr. Kozel fraudulently concealed assets from his ex-wife Ashley Kozel during the former couple’s Sarasota County Florida divorce. Mr. Kozel’s alleged scheme is
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.
The
Divorce & Hidden Money: Evading Child Support By Going Offshore
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