http://www.assetrecoverywatch.com assetrecoverywatch.com - Current Articles http://www.assetrecoverywatch.com/ME2/dirmod.asp?sid=9B6FFC446FF7486981EA3C0C3CCE4943&nm=&type=MultiPublishing&mod=PublishingTitles&mid=6EECC0FE471F4CA995CE2A3E9A8E4207&tier=4&id=F3B31DB3D3214921B06ECF04BC2C0F5C   Charges were filed in Federal Court Thursday against a pair of billionaire brothers and two of their abettors alleging securities fraud and targeting more than $550 million held in the Cayman Islands and the Isle of Mann.   Complaint: Securities and Exchange Commission v. Wyly brothers, et. al. Fri, 30 Jul 2010 00:00:00 EST F3B31DB3D3214921B06ECF04BC2C0F5C http://www.assetrecoverywatch.com/ME2/dirmod.asp?sid=9B6FFC446FF7486981EA3C0C3CCE4943&nm=&type=MultiPublishing&mod=PublishingTitles&mid=6EECC0FE471F4CA995CE2A3E9A8E4207&tier=4&id=474F88F2645341149314CABDF1C2BE24 Considered by many to be the top asset recovery and forfeiture unit in the world, the IRS Criminal Investigation Division has spent the past year enforcing restitution through forfeiture and recovery. The efforts of their New York Field Office are detailed in this article provided by IRS spokesperson Joseph Foy. Decision: US v. Joseph A. Castello Tue, 27 Jul 2010 00:00:00 EST 474F88F2645341149314CABDF1C2BE24 http://www.assetrecoverywatch.com/ME2/dirmod.asp?sid=9B6FFC446FF7486981EA3C0C3CCE4943&nm=&type=MultiPublishing&mod=PublishingTitles&mid=6EECC0FE471F4CA995CE2A3E9A8E4207&tier=4&id=6BF18CFABDA1457B8F492E8C44824FFF    In a trio of lawsuits filed late Thursday, the trustee appointed to recover the money stolen by Ponzi schemer Bernie Madoff has sued three businesses controlled by Madoff's sons and other family members where he says more than $30 million may be stashed. Updated 7/30/2010 Mon, 26 Jul 2010 00:00:00 EST 6BF18CFABDA1457B8F492E8C44824FFF http://www.assetrecoverywatch.com/ME2/dirmod.asp?sid=9B6FFC446FF7486981EA3C0C3CCE4943&nm=&type=MultiPublishing&mod=PublishingTitles&mid=6EECC0FE471F4CA995CE2A3E9A8E4207&tier=4&id=91EC3C28295A4C0689E9F4D9D5F88405   The United States Court of Appeals for the DC Circuit ruled that the USA PATRIOT Act did not authorize federal courts to freeze assets based on certified requests by foreign government officials, instead holding that the act required a final foreign judgment of forfeiture as a prerequisite to obtaining restraining orders. Kelly B. Kramer, an attorney for the defense in the case, gives an inside look at how it went down. Appeals Court: No Judgment, No Freeze (Main Justice) Ruling: United States v. Opportunity Fund and Tiger Eye Investments Mon, 26 Jul 2010 00:00:00 EST 91EC3C28295A4C0689E9F4D9D5F88405 http://www.assetrecoverywatch.com/ME2/dirmod.asp?sid=9B6FFC446FF7486981EA3C0C3CCE4943&nm=&type=MultiPublishing&mod=PublishingTitles&mid=6EECC0FE471F4CA995CE2A3E9A8E4207&tier=4&id=567AF82231464883850C2AECBAE1DB2F An accused $880 million Ponzi-schemer is being tried in a Miami civil court and a New Jersey criminal court concurrently. And while Nevin Shapiro's lavish playboy lifestyle might not have left much for his victims, experts say third parties could be the key to the asset recovery effort.  SEC complaint against Nevin Shapiro Wed, 21 Jul 2010 00:00:00 EST 567AF82231464883850C2AECBAE1DB2F