InspiredbyYou Posted December 14, 2009 Posted December 14, 2009 I'm curious.. do you know how it works ? have you ever hid money from a spouse thu assets held off shore ? You do know that since 911 it is almost impossible or is impossible to hide money from the states off shore ? Ooookdeydokey! What if I told you I know people who do this, and what if I told you there are loopholes to do this legitimately and without getting caught? What if I told you I know about this because of my profession?
InspiredbyYou Posted December 14, 2009 Posted December 14, 2009 She is in the states.. just how did she move said assets to his name without a paper trail ? It's really impossible in the states.. She liquidated and bought under his name. what paper trail do you need to do that other than what goes under his name?
Author sunshine94 Posted December 14, 2009 Author Posted December 14, 2009 LOL....funny:D Anyway, the OP's ex-BF is creepy, he basically prostituted himself. But there are others who marry for money and they are loyal, dutiful to their rich spouses and remain so until they die. I don't know if I can say they are wrong, as I have not known how it is to be in want for anything material. Very easy to say choose love if you have never known how it is to be dirt poor. I know I will be with someone for love, but I also know I would not be with anyone poor-simply because I am at the point in my life where helping someone get "established" financially is something that would take so much of me that I am unwilling to give. If I was in my 20's yes, sure..but in my 30s, no. If you love someone who is rich and you get with them because you love them. No problem. But this dirtbag just got with the woman to get money/assets from her and then left her. That is so very wrong!
Art_Critic Posted December 14, 2009 Posted December 14, 2009 he basically prostituted himself. I think so too.. To each his own.. he has to look himself in the mirror each day
threebyfate Posted December 14, 2009 Posted December 14, 2009 Oh, now that makes perfect sense. She sold the family home and car and rebought new ones, under the OWs name. Of course there's no audit trail on the proceeds of the sale and the subsequent repurchase of the new car and home...
InspiredbyYou Posted December 14, 2009 Posted December 14, 2009 Trolling the boards Yes you are. Now cut it out and let the OP figure her situation out!
Author sunshine94 Posted December 14, 2009 Author Posted December 14, 2009 She is in the states.. just how did she move said assets to his name without a paper trail ? It's really impossible in the states.. It is possible cause my ex is now a very well off man. I do not know how she did it without a paper trial, but it can be done. The problem with her doing it like that, she later could not get it back from my ex cause everything was in his name. And if she did tried to prove that she gave it to him then her husband would come in and say well half of that is also mine. So she messed herself up by hiding from her husband. What goes around comes around.
InspiredbyYou Posted December 14, 2009 Posted December 14, 2009 Oh, now that makes perfect sense. She sold the family home and car and rebought new ones, under the OWs name. Of course there's no audit trail on the proceeds of the sale and the subsequent repurchase of the new car and home... It's another man not woman! She gave her new man cash and he bought under his name, he also bought his business and the rest went to her offshore account. Why are you having such a hard time understanding things? It's not that hard to grasp.
threebyfate Posted December 14, 2009 Posted December 14, 2009 In case people should get any ideas from this thread about how to hide assets, this thread is the posterchild, of how NOT to do it! Anyways...I would pick love over money. As quankanne has stated, people can make their own money.
tami-chan Posted December 14, 2009 Posted December 14, 2009 If you love someone who is rich and you get with them because you love them. No problem. But this dirtbag just got with the woman to get money/assets from her and then left her. That is so very wrong! I agree, like I said, he is creepy and I am being very kind. Regarding "no money paper trail". Years ago my Granny gave me money as a gift and we used it to buy our house(as a down payment). It was not a lot of money(6 figures) that was transferred to my account. I had to provide paper trail as to where the money came from-not only that I had to prove that it was a gift not some loan and that the person who gave me the money actually could afford to give me the money ( and did not borrow it from other people to "help" me). It was embarrassing to have to asked my aunt (who was the executor, since my grandma had passed on already)for "proof"-people in my family are very uncomfortable talking about money. So I don't really know how you can haul off lots of money without paper trail...but I guess it is possible.
Art_Critic Posted December 14, 2009 Posted December 14, 2009 It's another man not woman! She gave her new man cash and he bought under his name, he also bought his business and the rest went to her offshore account. Why are you having such a hard time understanding things? It's not that hard to grasp. You do know that any large cash transaction ( under 10k) is monitored and watched by homeland security today ? Nothing gets done in the states today without an audit trial or paper trail. While the OP's ex may have said he did all those things I find the possibility that he lied to her about it all to be the most plausible story..
Art_Critic Posted December 14, 2009 Posted December 14, 2009 It's another man not woman! She gave her new man cash and he bought under his name, he also bought his business and the rest went to her offshore account. Why are you having such a hard time understanding things? It's not that hard to grasp. This isn't the 1920's It's not to grasp.. it isn't possible to do that without alerting the authorities.. duh ! There is also the issue of the paper trail.. you can't buy a company with cash today.. cash in a bank ( paper trail ).. yes.. but not hard cash...
meerkat stew Posted December 14, 2009 Posted December 14, 2009 Try it sometime and see what happens, when you do stupid things like try to hide assets offshore, to avoid a divorce settlement especially including infidelity. People need to learn a few things, before they spout. People who get caught trying to hide money didn't hire a good enough lawyer to get the job done right.
threebyfate Posted December 14, 2009 Posted December 14, 2009 People who get caught trying to hide money didn't hire a good enough lawyer to get the job done right.A good lawyer won't get you out of the scenario, as defined in this thread and handled in the ways suggested by some of the members. Hiding assets is a much more complex form than what's being suggested. There are ways to do it but not as suggested. But when you hide assets, you also take the risk of legal repercussions, reliant on why you're trying to hide assets. Better to get a prenup signed and then use a good lawyer to help ensure that you're not gouged during the divorce process.
InspiredbyYou Posted December 14, 2009 Posted December 14, 2009 People who get caught trying to hide money didn't hire a good enough lawyer to get the job done right. I was totally going to say the easiest way is through laywers!! Good point Meerkat. Cash when you are travelling there is a cap to how much you can carry but there is no cap on how many trips you take to the island of choice and surrounding areas. Jewelry. Money wires (under 20K I think) Stocks can be transferred from one firm to another (most popular you pay a %). (tougher but still can be pulled off) gold You can buy gold offshore electronically and sell it you combine all these methods and you can move a few K like that and where is your paper trail?
burning 4 revenge Posted December 14, 2009 Posted December 14, 2009 Best post of the day! BP It sounds like something a naive rich girl would say Money is the freedom to say "f*ck you" and that is the definition of happiness
InspiredbyYou Posted December 14, 2009 Posted December 14, 2009 This isn't the 1920's It's not to grasp.. it isn't possible to do that without alerting the authorities.. duh ! There is also the issue of the paper trail.. you can't buy a company with cash today.. cash in a bank ( paper trail ).. yes.. but not hard cash... Well you believe what you want, I am telling you it can be done. Please don't take my word for it, it's SO not important to me whether you believe me or not!
burning 4 revenge Posted December 14, 2009 Posted December 14, 2009 I was totally going to say the easiest way is through laywers!! Good point Meerkat. Cash when you are travelling there is a cap to how much you can carry but there is no cap on how many trips you take to the island of choice and surrounding areas. Jewelry. Money wires (under 20K I think) Stocks can be transferred from one firm to another (most popular you pay a %). (tougher but still can be pulled off) gold You can buy gold offshore electronically and sell it you combine all these methods and you can move a few K like that and where is your paper trail?Well the thing is there are equally good lawyers that spen all their time busting people hiding their assets, so its not like its a perfect science
burning 4 revenge Posted December 14, 2009 Posted December 14, 2009 Ooookdeydokey! What if I told you I know people who do this, and what if I told you there are loopholes to do this legitimately and without getting caught? What if I told you I know about this because of my profession? Is your profession money laundering (j/k)
InspiredbyYou Posted December 14, 2009 Posted December 14, 2009 Well the thing is there are equally good lawyers that spen all their time busting people hiding their assets, so its not like its a perfect science True enough! It all depends how much money you have to throw away, I mean.... to "put to work". that will decide which side of the fence they will be on.
InspiredbyYou Posted December 14, 2009 Posted December 14, 2009 Is your profession money laundering (j/k) You would think that......
Author sunshine94 Posted December 14, 2009 Author Posted December 14, 2009 People who get caught trying to hide money didn't hire a good enough lawyer to get the job done right. Her brother is a lawyer and it was done with his help.
threebyfate Posted December 14, 2009 Posted December 14, 2009 Cash when you are travelling there is a cap to how much you can carry but there is no cap on how many trips you take to the island of choice and surrounding areas.Refer to the customs form of declaring cash per each trip. It's not difficult to track this in the current environment, especially if you make quite a number of trips. The more trips with cash, the more you're going to look like a drug mule. Someone will catch on. Jewelry. Jewelry is a marital asset unless it's gifted by the other spouse. She can't gift herself and any substantial gifts she gives to an OM, can be clawed back as disposition of marital assets. Money wires (under 20K I think) How many wires will she need to make, to supposedly move substantial amounts of money? This is also electronically done, so it's tracked as well. Drug dealers and money launderers try this all the time. Financial Institutions are legally obligated to report suspicious multiple activities. Stocks can be transferred from one firm to another (most popular you pay a %).Also electronically tracked and legally, if it moves from one beneficial holder to another, the brokerage firm is legally obligated to consider it a sale, whereby she will have to pay tax on the proceeds of the sale. Many electronic mediums don't allow movement of stock between beneficial holders, from firm to firm. (tougher but still can be pulled off) gold You can buy gold offshore electronically and sell it You still need money to buy gold offshore, hence an electronic audit trail you combine all these methods and you can move a few K like that and where is your paper trail?Refer to above responses. We're supposedly not talking about nickel anty. If she's seriously wealthy, we're talking about moving 7 to 10 figures. Everything has an audit trail and multiple transactions are suspicious activity.
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