You can order a Personal Financial Asset search from the Menu of Services and Fees: You may be an attorney, or a credit manager. You may be in Alexandria, Tysons Corner, New York, or Missouri.
Just call us, or send an email. You would order this type of search to:
Locate Assets Unlawfully Hidden
Money laundering is the conversion of cash from criminal activities into funds with an ostensible legal source. Congress passed the Money Laundering Control Act PL 99-570 in 1986.* (See also Training.)
Like the businessman who bankrupted his business and then stiffed his attorney for $78,000 in legal fees, incurred prior to the proceedings. The attorney ordered an asset search. We ran property searches, finding a house in his name and his wife's name, and another house in his name alone. We checked further, and found him to be on the boards of two healthy corporations.We ran a Regional Bank Search. In a different asset search (different source), we found two accounts in his name, and one in his wife's name, in a state other than the one in which he bankrupted. His estate had liquid assets over $450,000, plus the real property. Locate Assets Hidden By Spouse This happens, for example, in family law where the defendant (respondent) wants to claim a paucity of assets to avoid sharing his wealth with an about-to-be divorced spouse. Many of these assets may be on the way to offshore accounts. An asset search using multiple sources could locate, for example, real estate recently sold, as well as real estate just put on the market. A sale alert would inform us when the property has closed.
Case in point: We recently located a skip and learned that he had transferred real property and other attachables (such as antique cars) to a spouse. That was a sure sign that we had a deadbeat on our hands. While his credit cards showed recent and continuing use (go figure!), he was not repaying unsecured loans from three banks.
Locate Assets Held By A Defendant In A Personal Injury Case
You want to know that a case will be worth litigation. Those assets would have to be attachable, so a 10-year-old car would not help in satisfying a judgment, while a 10-year-old house would. (Okay, in today's world...it might not!)
The turn-around time for an extended, or personal financial asset search could be from one to three weeks. Basic Asset Searching
Basic asset searches (included with a skip trace) may reveal ownership of: • Real property • Aircraft • Large boats • A business
We provide these reports at no extra charge when you order a skip trace, whether it is a Nationwide or a Fairfax County Skip Tracing assignment. (How many other companies do this with a skip trace -- at no extra charge?) The search could include review of a two-bureau credit header report (not a consumer credit report), as well as a bank and debtor locator report. The turn-around time for this basic asset search is less than five days. Note that the returns from a basic asset search may not come back at the same time as those from a skip trace. Both are summarized in Services.
