The New York Times was half right and half wrong when it reported that the boom in “trophy homes in the sky” is over. The right part: It turns out that there is not an inexhaustible supply of people willing to spend $50 million or more on a condominium they may rarely visit.
The wrong
We usually blog here about how to find hidden assets in the context of a divorce, however, we recently came across a story that serves to caution those entering a marriage not to relinquish all control over the family finances.
According to media reports, accused fraudster, Steven Wessel, is currently trying to seek a
According to several media reports, former Anglo Irish Bank chief executive, David Drumm was recently denied a bankruptcy discharge by a judge in Boston. Drumm appealed the ruling on Friday. Not only did the judge keep Drumm on the hook for $10.5 million euros in debt, but he released a 122-page judgment with damning
In a country in which people can form a company in minutes over the internet, it’s amazing to us how many asset searches proceed on the basis that you only need to look for property owned directly by a person.
So often, we find that someone can truthfully state at a deposition that he owns
According to a recent story in the UK’s Daily Mail, Elie Taktouk, the estranged husband of Daniella Semaan, girlfriend of Barcelona soccer star Cesc Fabregas, is alleging that that the soccer star was involved in a property fraud. Although the UK’s High Court seems skeptical of the allegations, they are interesting from an investigative
PROBLEM:
The debtor, whose family lives in Brazil, claims to have no foreign investments. He mentioned years ago that his family had some rental properties in Sao Palo, but you have never seen them, and you don’t know exactly where they are located. You suspect that he may be a part owner.
[light]
SOLUTIONS:
The
Last week, a Tennessee judge fined Oprah Winfrey’s father, Vernon Winfrey, $70,000 in legal fees as punishment for bad behavior during his divorce. According to the judge’s decision, Mr. Winfrey used some fairly complicated maneuvers to avoid splitting the value of a barbershop he owned with his soon-to-be ex-wife while at the same time
Gossip sites were all abuzz last week with news of rapper Lupe Fiasco’s legal battle with Inita Patton, the estranged wife of convicted drug kingpin and Fiasco’s mentor, Charles Patton. The court filings have yet to be released to the public, but reports say that as part of her divorce action against Patton, Inita sued
PROBLEM:
The debtor has a passion for historic architecture, and you remember him once mentioning a beautiful old house that he was thinking about buying years ago. You suspect that he may have secretly purchased the house and has failed to disclose it.
[light]
SOLUTIONS:
Real estate protected by historic designations can be
PROBLEM:
You think that your debtor owns property, but you cannot find any evidence that he owns any real estate in his own name. You suspect that he purchased property through a corporation so that you would not be able to find it.
[light]
SOLUTIONS:
If you do not know the name of