Will Your Offshore Jurisdiction Seize Your Assets?

Mark Nestmann (August 31, 2010)

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5 Responses to “Will Your Offshore Jurisdiction Seize Your Assets?”

Lena Clancy Says:
September 1st, 2010 at 3:51 pm

Thanks Mark, I have used you accurate info and advise for many years. Your books are great…keep us updated frequently.
Art Martin Says:
September 4th, 2010 at 2:20 pm

About 15 years ago we were in bank note trading group or arbitrage. I had $380,000 in my account in a Cayman Islands bank. The US Dept of Justice came along and confiscated our group’s account. At the time our trading account had USD 28 million in the account. After three years of fighting with them over their claims of money laundering I received $9,800 back. It was arbitrary theft by the government but we had no voice they just rolled over us and took our money.
Chip Spradley Says:
September 5th, 2010 at 3:15 am

I now know where to NEVER put my money!
Rudy Markuse Says:
September 5th, 2010 at 10:30 am

Mark,
What is the point to keep offshore acct and report on it? Line it up! People use offshore to hide not to show. And, if you have to report any offshore acct you have to report to US Fed. Treasury Dept. by deadline, not to IRS.
Good article anyway,
Regards,
Bob Stanzas Says:
September 9th, 2010 at 2:26 pm

About 5 months ago I read publicity concerning a Las Vegas Self-Storage company that had units and safe deposit boxes that were accessed by fingerprint scanner, not by traditional ID. This created a type of onshore “numbered account” for valuables or cash hoard. I am sure they took a security photo of the client, but had no other paper documentation. The Las Vegas Chamber of Commerce now say they cannot find any trace of this venture. Anyone know of their fate, or know of a similar operation in the USA?

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About the Author

Since 1990, Mark Nestmann has helped hundreds of clients seeking wealth preservation and international tax planning solutions. He is the author of many books and reports dealing with these subjects and a popular public speaker.

Beginning his career as an investigative journalist in 1983, Mark now serves as President of The Nestmann Group, Ltd., an international consultancy assisting individuals to achieve their wealth preservation goals. Mark divides his time between offices in Vienna, Austria and Phoenix, Arizona.