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Why It’s Hard To Detect Accounts At Offshore Banks

We all know that compared to money hidden at domestic bank accounts, money hidden in offshore accounts is harder to detect and interdict. This explains why offshore bank accounts are perhaps the most widely used method to hide vast sums of money. Individuals ranging from high-net-worth divorcing spouses to narco-traffickers and terrorist financiers can use…

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Asset Search Red Flags, Smurfing, Private Investigators & A Kidnap Plot

  If you are trying to detect hidden money you should look for asset search red flags like “smurfing¹.” Smurfing is a form of structuring cash deposits into bank accounts. It is one of the ways to secretly place cash into a money laundering circuit. When a bank customer in the U.S. deposits or withdraws $10,000…

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Hidden Community Property In Ultra-High-Net-Worth Divorces

Everybody knows there can be hidden community property in ultra-high-net-worth divorces.  Meanwhile, the ultra-high-net-worth divorce between Mr. Bill Gates and his wife Melinda does not now appear to involve hidden community property.  Their divorce does however, give us a glimpse of the kinds of community property the Court often divides in ultra-high-net worth divorces. Mr….

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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,…

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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…

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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 Barbados, the Dominican…

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

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….

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

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….

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How Mr. Akhmedov Could Have Hidden Money

Today’s post shows how Mr. Farkhad Akhmedov may have hidden money from his now ex-wife Tatiana Akhmedova. It describes how Mr. Akhmedov could have placed money out of Ms. Akhmedova’s reach by: using nominees (i.e. intermediaries) ; parking assets offshore; transferring assets to a Bermudian trust & Liechtenstein entities. This post is the 41st post…

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Divorce & Hidden Money: A Husband Thought To Be A Smurf

This 40th post in my Divorce & Hidden Money series mentions Mr. Vardan Keshishyan, who reportedly hid money from his divorcing wife by smurfing (a.k.a structuring ).  In the context of money laundering, a smurf makes cash deposits below a bank’s threshold for reporting cash deposits to the government. By doing this the smurf hopes…

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