Fact: People Hide
Money for Personal and Business Reasons
This can raise
certain moral and ethical questions regarding a subject’s character and
integrity. Often people are attempting to avoid paying on a debt or
judgment. There may also be evidence of money laundering or ill gotten gains
which have been removed to offshore accounts. An asset search may be critical
in making certain business and investment decisions or in deciding whether or
not to commence litigation.
Companies Have Become Common Tools for Money Laundering and Other Financial
companies are formed by individuals and businesses for legitimate purposes;
however, ownership and transactional information on these entities can be
concealed from regulatory and law enforcement authorities. There are numerous
ways in which organizers of shell companies may obscure company structure,
ownership and activities.
is a common practice in anticipation of a divorce for one spouse to take
certain actions designed to hide assets.
We have seen
situations where a spouse would pay more than the amount due on income taxes,
so that after the divorce is finalized an amended return can be filed with a
request for a refund. Another example is the intentional devaluing of
property over time so when allocation of the value of the property occurs, the
spouse gets the benefit of the lower value.
is the intentional hiding of corporate assets and/or taking money from a
corporation by payment of personal expenses and not disclosing this to the
Fact: In fraud investigations, commercial litigation, contract
disputes, matrimonial cases and other disputes, it is critical to be able to
identify and trace assets that are the subject of the dispute.
UHY Advisors’ Global Business Intelligence and Investigations
group has successfully located, traced and identified assets in virtually every
corner of the world. Our team of experts, including forensic accountants,
anti-money laundering specialists and criminal investigators has the experience
to assist you in locating hard-to-find assets and providing the necessary
information so that you are well positioned to restrain further movement of
assets or enforce a judgment.