https://vimeo.com/348834487 A Financial Intelligence Unit (“FIU”) tracks hidden assets by “following the money.”  There is always a money trail when assets are hidden and money is laundered. One way FIUs follow a money trail is by collecting suspicious activity reports from banks about bank customers. FIUs can follow a bank customer’s money trail by collaborating with other FIUs across the globe. During your asset search you might also have to follow your adversary’s money trail.…

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 secretly transferring more than $18 million from Mr. Mooney’s Isle of Man bank account.  Mr. Mooney reportedly maintained the account…

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 secretly transferring more than $18 million from Mr. Mooney’s Isle of Man bank account.  Mr. Mooney reportedly maintained the account…

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 the FBI arrested Professor Lieber as part of its investigation of Chinese spies. Professor Lieber is the former Chair…

Your adversary may be placing assets offshore to hide them from you. Meanwhile, you could be trying to locate these assets through an asset search.  One thing you might be able to do is spot the common methods for placing assets offshore. If you find your adversary used these methods, it might help you sniff out your adversary’s money trail. Common methods for placing assets offshore include: Wire transfers are the most common way…

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 occurred from about February 2012 to about December 2018.  Among other things, Mr. Kozel allegedly tried to…

How does a divorcing spouse hide assets at trusts? The spouse hiding assets first forms a trust. Next, this spouse fraudulently transfers assets part of the marital estate, to the trust. The spouse hiding assets can also take money from the marital estate & use it to make purchases in the name of the trust.  Finally, the spouse hiding assets claims assets at the trust can not be distributed during the divorce because…