Stanford Liquidators Win Bid to Get $20 Million in UK Assets
IAAR Staff - 08/08/2011 Stanford International Bank’s liquidators won a bid to gain access to $20 million of assets frozen in the U.K. Grant Thornton LLP, which is...read more
SEC needs more clout, not less
IAAR Staff - 08/05/2011 At least one lawmaker seems to want the Securities and Exchange Commission to become irrelevant. The regulator has had its problems. But a Republican...read more
Citigroup seeks dismissal of Madoff bankruptcy trustee’s $430 million suit
IAAR Staff - 07/27/2011 Citigroup Inc. asked a bankruptcy judge to throw out a $430 million lawsuit brought by the Trustee in the Bernard Madoff bankruptcy*. The trustee...read more
SEC Freezes Assets of 3 Firms Accused of Insider Trading
IAAR Staff - 07/19/2011 A Manhattan federal judge has frozen the assets of three Swiss asset managers accused of illegally profiting from trades made ahead of the $1.2...read more
First payouts approved for Madoff victims
IAAR Staff - 07/12/2011 A bankruptcy* judge approved the first payments to customers of con man Bernard Madoff out of funds collected by the trustee, more than 2 1/2 years...read more
Swiss block Syrian assets worth $32 million
IAAR Staff - 07/05/2011 Switzerland has blocked Syrian assets worth 27 million Swiss francs ($32 million), Swiss news agency SDA reported on Sunday, citing a Swiss newspaper...read more
NOAA forfeiture funds scandal goes political as US Senators battle over bills
IAAR Staff - 07/01/2011 A pair of US politicians are battling over the recent NOAA forfeiture funds scandal, and the agency's access to these funds hangs in the balance....read more
HSBC seeks dismissal of Madoff trustee's lawsuit
IAAR Staff - 06/24/2011 HSBC asked a judge to dismiss a $9 billion lawsuit by the trustee liquidating Bernard Madoff’s firm, saying he isn’t allowed by law to bring such...read more
Picard wins right to go after Kingate feeder-funds
IAAR Staff - 06/08/2011 The trustee seeking money for victims of Bernard Madoff's fraud won court permission on Tuesday to file a $975.5 million lawsuit against two feeder...read more
UAE asked to freeze Bin Ali cash
IAAR Staff - 06/02/2011 Tunisia has asked the UAE to freeze assets of its former president Zine Al Abidine Bin Ali and his family, a Tunisian government official said. "...read more
Stanford investors seek $10.7 billion from former auditor
IAAR Staff - 05/27/2011 Investors in Texas financier Allen Stanford's alleged Ponzi companies have sued BDO USA LLP and it's parent for $10.7 billion, claiming the auditors...read more
Mets owners sought 'fraud insurance' for Madoff dealings in 2001
IAAR Staff - 05/16/2011 In 2001, Fred Wilpon and Saul Katz, the owners of the New York Mets, decided to explore a fairly novel way of protecting the hundreds of millions of...read more
Gwent Police to fund five new jobs with seized assets
IAAR Staff - 05/10/2011 Gwent Police have seized enoug cash and assets from criminals in the past five years to fund five new jobs. Each year police forces receive a...read more
US seeks to aid Libyan rebels with seized assets
IAAR Staff - 05/05/2011 The United States announced Thursday that it would try to release some of the more than $30 billion in assets seized from Libya’s leader, Col....read more
Panama deal could help US fight financial crime
IAAR Staff - 04/17/2011 A US-Panama tax agreement that took effect this week may not only end Panama's status as a bank-secrecy haven, but also help U.S. law enforcement...read more
HSBC client said to plead guilty to hiding bank accounts
IAAR Staff - 04/05/2011 A New Jersey businessman accused of conspiring with five bankers at HSBC Holdings Plc (HSBA) to hide his Indian bank (INBK) accounts from U.S. tax...read more
UK Justice Ministry finally releases Bribery Act guidance
IAAR Staff - 04/01/2011 In late February, President Obama issued an executive order that froze Libyan government assets worth at least $30 billion. One month later, the U.S...read more
Switzerland is no longer a secrecy haven for stolen funds
IAAR Staff - 03/15/2011 Switzerland became the first country to immediately freeze illicit funds belonging to Ben Ali, Mubarak and Gaddafi. Switzerland's newest law on...read more
NY Times quotes inaugural CSAR and IAAR advisor Barden on Gaddafi asset chase
IAAR Staff - 03/09/2011 Kenneth Barden, a member of the inaugural field of CSARs and a featured IAAR expert, speaker and contributor, discussed the chase for the Libyan...read more
JP Morgan Chase, other banks fight Madoff trustee over disclosures
IAAR Staff - 03/04/2011 J.P. Morgan Chase & Co. requested a federal judge stop the trustee unwinding Bernard Madoff's Ponzi scheme from doing away with agreements the...read more
Some $235 billion of illegal money from the Middle East and Africa stashed in offshore accounts
IAAR Staff - 02/25/2011 According to a recent report by the Swiss research company MyPrivateBanking wealthy individuals from the Middle East and Africa hold about $1.5...read more
Senator calls out mismanaged NOAA forfeiture program
IAAR Staff - 02/18/2011 A Republican lawmaker is seeking answers from the Commerce Department on its management of a fund used to pay for expenses associated with civil and...read more
JP Morgan Chase sued over complicity in Madoff Ponzi scheme
IAAR Staff - 02/01/2011 Global financial services firm JPMorgan Chase & Co was "at the very center" of and "complicit" in the $50 billion dollar Ponzi scheme...read more
Annual report estimates £3.6 billion lost to fraud in the UK
IAAR Staff - 01/27/2011 The National Fraud Authority (NFA) has published its second Annual Fraud Indicator (AFI), which estimates that fraud is costing the UK over £38...read more
Duvalier's millions likely to return to Haiti
IAAR Staff - 01/20/2011 Repatriating assets pillaged from Haiti's national treasury now lies at the heart of legal action against Jean-Claude "Baby Doc" Duvalier, who...read more
IRS Proposes Requiring US Banks to Disclose Accounts' Owners
IAAR Staff - 01/14/2011 The Internal Revenue Service proposed regulations Jan. 7 that would pave the way for the U.S. for the first time to routinely share information with...read more
US Marshals undervalued, sold millions in forfeited assets
IAAR Staff - 12/26/2010 An arm of the United States Marshals Service undervalued what could amount to untold millions of dollars in assets forfeited by white-collar...read more
UK inspector calls forfeited Ferrari an 'absolute deterrent'
IAAR Staff - 12/15/2010 South Australian police auctioned a drug dealer's Ferrari, valued at $140,000, for $75,000. After the sale, Inspector Greg Hutchins said the...read more
Washington Mutual begins bankruptcy showdown
IAAR Staff - 12/02/2010 Washington Mutual Inc begins a showdown with shareholders and dissident hedge funds on Wednesday as it seeks bankruptcy court approval for its...read more
DOJ's whistle-blower program nets big asset recovery returns
IAAR Staff - 11/22/2010 The Justice Department says it has recovered a record $2.5 billion in health care fraud over the past year — mostly with the help of drug company...read more
Transparency Intl. calls on Zambian govt. to act on management of frozen assets
IAAR Staff - 11/18/2010
Transparency International has adopted a declaration calling on governments to act decisively on the repatriation of stolen assets and...read more
Department of Justice on brink of releasing FCPA guidance David Quinones - Thursday, November 10, 2011 While it was just a brief comment during a lengthy speech, United States Assistant Attorney* General Lanny Breuer’s mention of impending guidance on... read more
