The prosecution said however, the money disappeared through a network of offshore bank accounts.
If you have an account with this offshore bank, how could Wells Fargo have your name and details?
FORBES: Wells Fargo Hit With IRS Summons For Tax Haven Account Data
As a part of that process, they are also required to disclose any offshore bank accounts they may have.
Imagine getting a grand jury subpoena to produce your own offshore bank records.
FORBES: IRS Can Make You Produce Offshore Bank Records Even If Self-Incriminating
Yet these business elites choose not to pay their people, even as they squirrel money away in offshore bank accounts.
It seems as though it is similar to offshore bank accounts for the rich, but this dealing with unpaid sales tax.
To verify your investment income, an offshore bank may ask for information about your investments and where they are held.
The Australian tax authorities, too, have cracked down on the use of payment cards to draw money from offshore bank accounts.
Suppose the IRS and Department of Justice are investigating, trying to determine if you used offshore bank accounts to evade taxes.
FORBES: IRS Can Make You Produce Offshore Bank Records Even If Self-Incriminating
Some who are not inclined to international travel can simply arrange for a debit card attached to an offshore bank account established over the Internet.
The island's main offshore bank, First International, folded at the end of July, unable to pay staff salaries, let alone depositors who had been promised 250% interest rates.
The Vere Bird government welcomed an as-yet unknighted Mr Stanford to Antigua in the late 1980s after the authorities in the British overseas territory of Montserrat closed his offshore bank.
If you own or have signature power over an offshore bank account, you are required to file a special, annual, non-IRS Treasury form by June 30, giving details of the account.
Worried about someone hacking into your offshore bank account?
An IMF official familiar with Equatorial Guinea, speaking on condition of anonymity, says the fund is "quite concerned" about the country's use of offshore bank accounts and lack of a published budget.
Ten Things To Know About Offshore Bank Accounts.
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"If you look at these websites it is obvious that people have got a stock of goods they are selling, and hiding the proceeds in undeclared offshore bank accounts, " said Ronnie Ludwig of accountants Saffery Champness.
Urdangarin and his partner, Diego Torres, are under investigation for allegedly using the company to siphon millions of euros in taxpayer money, obtained in collusion with corrupt regional officials, to offshore bank accounts and his own companies.
The attorney handling the claim, Garth Goldberg of Florence Rostami Law LLC , claims in a recent filing that Amiworld and Messrs Saito and Takahito continue to defraud investors across the globe, using the offshore banking of Bank of the Atlantic.
FORBES: Amiworld, A Civil Suit Alleges It Is A Global Fraud Enterprise
Try an addiction to tucking away bank funds in secret offshore accounts over 13 years, for a purpose you have trouble explaining to your central bank when asked.
But since the money was held in a maze of Swiss bank accounts and offshore trusts, PaineWebber won't admit responsibility.
The landscape of tax avoidance and bank secrecy in offshore tax havens changed due to individuals who blew the whistle on private offshore banking practices.
FORBES: Keep Heat On IRS Commissioner Shulman; whistleblowers needed to uncover offshore tax abuses
Only months ago, pirates preferred to be paid through a complicated web of bank transfers using offshore jurisdictions, according to a maritime security source now involved with ransom negotiations with hijacked ships.
So the bank parked the shares offshore with Citicorp, paying a fee for the privilege.
When I can get into the bank on Thursday, I will take all my money out of the bank and put it offshore.
CNN: Cyprus deposit tax 'overnight robbery,' says businessman
The British corporate lawyer David Mills helped Mr Berlusconi to set up offshore companies and tax-haven bank accounts for his holding company Fininvest and its many subsidiaries.
"In the unlikely event that a generalised shortage of offshore renminbi liquidity emerges, the Bank will have the capability to provide renminbi liquidity to eligible institutions in the UK, " he said.
Simple as this sounds, too many debtors believe the ocean of false advertising on the internet or the promises of unscrupulous planners, and try to do the exact thing that Wife did here protect real estate and moneys held in her domestic bank accounts with an offshore trust.
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