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Hiding Community Property In A High Net Worth Divorce

If you are in a high net worth divorce, your spouse might hide community property from you by misusing: These are just three of the common money laundering methods. Although not a high net worth divorce case, filings in Brooklyn Federal Court in USA v. Ahmad reveal how one might use the three methods to…

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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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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 believed to have…

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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 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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Asset Searches & Open Source Intelligence

I)  WEBSITES THAT CAN HELP YOUR ASSET SEARCHES This in my 12th post covering what private investigators can and can not legally do when conducting asset searches. One thing most private investigators do during asset searches is look for publicly available information a.k.a. Open Source Intelligence (“OSINT”). Websites that can help private investigators collect OSINT,…

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Divorce & Hidden Money: Ways To Hide Money & Commit Crimes

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: 26 U.S. Code § 7201 (tax fraud); 18 U.S. Code § 1341 (mail fraud);…

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Divorce & Hidden Money: How Ultra-High-Net-Worth Spouses Can Launder Assets

The November 30th New York Times Magazine article “How To Hide $400 Million” described the divorce between Sarah Pursglove & Finnish internet tycoon Robert Oesterlund. A document from Mr. Oesterlund’s lender allegedly indicated Mr. Oesterlund’s net worth was $400 million, “How To Hide $400 Million” said. This article also said Mr. Oesterlund claimed during the divorce…

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