asset recovery

The Asset Recovery Case Of Cohen v. S.A.C. Trading Corp.

Fred Abrams
March 12, 2012 19:11

The New York Post and Bloomberg wrote last month about the appeal pending in Cohen v. S.A.C. Trading Corp., et. al., (11-1390-cv). The Cohen appeal is over the trial court’s March 30, 2011 dismissal of Patricia Cohen’s Second Amended Complaint.  The Second Amended Complaint accused Ms....

Asset Search News Roundup: March 4, 2012

Fred Abrams
March 04, 2012 22:16

Todays “Asset Search News Roundup” mentions whistleblower programs: An Asset Search Via Whistleblowers & Other Tipsters comments on IRS and SEC efforts to sniff out fraudulently concealed assets with the help of reward programs.  Forbes’ March 2nd article IRS Whistleblowers...

Using Pretrial Discovery In Cases With Foreign Trusts

Fred Abrams
January 31, 2012 02:40

It is no surprise that foreign trusts can easily be used as elements to fraudulently protect or conceal beneficially owned assets.  In some jurisdictions a trust may however, be considered void if the trust was “self-settled” (i.e. the grantor and beneficiary were found to be one and...

Red Flags In One Of Washington State's Largest Bankruptcies

Fred Abrams
October 17, 2011 05:00

In one of the largest bankruptcies in Washington state history, Chapter 7 trustee James F. Rigby Jr. is searching for assets that belong to Michael R. Mastro's bankruptcy estate.  The bankruptcy estate assets could include everything from life insurance polices to expensive jewelry and other...

Mr. Mastro's Bankruptcy Estate & His Self-Settled Trusts

Fred Abrams
October 01, 2011 05:00

Although real estate developer Michael R. Mastro tried to protect assets by forming three trusts, the Court in Mr. Mastro's bankruptcy case still found these trusts to be void as to his creditors.  According to the Court's May 28, 2010 order, the trusts were void because they were...