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Swiss Banks, Smuggling and Other Asset Recovery Issues

Thursday, April 18, 2013, 6:00 PM -- 9:00 PM

Registration for this course is now closed.

Intended Audience:

This Basic program qualifies for 3 CPE credits in Specialized Knowledge or Industry


Can't make it to the live class? Sign up for the webcast.

Public Sector and Non-profit attorneys may attend for $25. Register above as "Law Office Staff." Bring ID or business card to registration to verify status

Location: 2nd Floor Auditorium

Course ID: C04182013

Number of Sessions: 1

Credits: 3 NJ Credits: 1 Ethics; 2 General
3 NY Credits: 1 Ethics; 1 Skills; 1 PP; Transitional and Non-transitional

Course Description:

In its 2007 National Money Laundering Strategy report, the U.S. government estimated that as much as $36 billion annually from just the former Soviet Union, was being secretly transferred through U.S. bank accounts and U.S. shell companies.  Besides using U.S. bank accounts and shell companies, kleptocrats, Ponzi schemers, divorcing spouses, etc., can of course conceal assets by parking them in Swiss or other foreign bank accounts.

This program analyzes how bank secrecy laws, multiple jurisdictions and smuggling are utilized in schemes to conceal vast sums of money. A panel of experts will discuss mutual legal assistance treaty relief and using letters rogatory as asset recovery tools.  The program will also focus on ways whistleblowers, or other tipsters, may help sniff out these monies and the difficulty lawyers face in dealing with whistleblowers  -- either as clients or as tipsters.

Some of the topics to be covered include:

  • An examination of the IRS Whistleblower Program and the ethical concerns gatekeepers, such as lawyers and accountants, have in reporting illegal behavior in both the civil and criminal contexts.
  • A description of the ins and outs of Swiss bank secrecy laws.
  • A review of the legal remedies available for recovering assets hidden in Switzerland and elsewhere across the globe.

NYCLA's CLE Institute is pleased to welcome the expert panelists speaking at the program from across the globe, including:

Jack Blum, Esq., who served as associate counsel, assistant counsel, or special counsel to three U.S. Senate committees or subcommittees,  and has been quoted by or mentioned in thousands of newspaper and magazine articles around the world.  He was also an expert witness for the U.S. Department of Justice and the Internal Revenue Service. Mr. Blum's select clients include Heinrich Kieber, who blew the whistle on customers with offshore accounts at Liechtenstein's private bank, the LGT Group.  Mr. Kieber sold his whistleblowing tips to the German government, which used them to track suspected tax cheats.  Mr. Blum also represented former Julius Baer Swiss banker Rudolf Elmer, who supplied tips about suspected tax evaders to both WikiLeaks and the IRS.

Robert Fiechter, a partner at Des Gouttes & Partners of Geneva Switzerland. Advocate Fiechter also serves as a Deputy Judge at the Court of Justice of Geneva, an appellate court.  He too served as a substitute criminal judge and is the Deputy Secretary of the Supervisory Board of the Swiss Bank's Code of Conduct.  

Fred Abrams, Esq. located tens of millions of dollars hidden in offshore tax havens and filed legal proceedings in Zurich, Geneva, Tel Aviv, Amsterdam and San Juan, Puerto Rico, to seek discovery from foreign bank witnesses.  Practicing in the asset recovery areas of financial intelligence, financial fraud investigations and forced collection proceedings, he has been cited by Forbes Magazine, The New York Times, MoneyLaundering.com, Reuters and FoxBusiness News.  He also publishes "The Asset Search Blog", (www.assetsearchblog.com), where he writes about interdicting assets which have been fraudulently concealed by politically exposed persons; securities fraudsters; post-judgment debtors; divorcing spouses and others. 

Faculty:

Program Chair: Fred Abrams, Esq.

Faculty:Fred Abrams, Esq.;  Jack Blum, Esq. ; Robert Fiechter, Des Gouttes & Partners, Geneva Switzerland

Download April order form here

 

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