Secreting Ponzi scheme proceeds and the conviction of three former money managers:

  1. Secreting Assets Without A Border Trace” highlights methods determined criminals employ to conceal their assets from domestic authorities and everyone else.  It supplies the fact pattern of a securities fraudster who conceivably could have concealed Ponzi scheme proceeds by utilizing offshore jurisdictions, a foreign bank account and portable valuable commodities like diamonds.
  2. Former money managers Jason Bo-Alan Beckman, Gerald Joseph Durand and Patrick Kiley were recently convicted of money laundering and additional criminal charges connected to Trevor Cook’s Ponzi scheme.  These three were previously mentioned at the September 20, 2009 article “Money Laundering By Minneapolis Money Managers?

Copyright 2012 Fred L. Abrams