Do You Need a Subpeona To Obtain a Persons Banking And Financial Records?

30 Jul

By Ed Opperman

You may be thinking that the only way you can obtain a persons financial information is through a court ordered subpoena duces tucem or by police though a search warrant. This is not true, in many cases as long as you have a legal and permissible reason to need this kind of information a private can legally investigate and obtain it for you. This can be done in compliance with all applicable laws such as the 1999 Gramm-Leach Bliley Act.

In many cases a private investigator can use an asset search investigation to discover a great deal of banking and financial information without having to subpoena. An asset search investigation when conducted by a professional with many years of experience can recover a great deal of financial and even banking information about a person. Of course one you have identified which institution the subject is banking at a subpoena can be used to obtain actual bank statements, records and deposits, withdrawals etc.

If you are in need to obtain banking and financial information about a person your first call should be to a private investigator that is experienced in asset search investigation. A standard, basic asset search can locate bank accounts, property, real estate, vehicles and much more financial information about a person. Once you have this information you can use the subpoena process to serve each institution located to turn over all records relating to your court case.

It may be difficult to find an investigator that has expertise in this area. Not every investigator will do asset searches. It’s a specialized field of investigation. Also recent legislation has made it unlawful to use the old standard techniques the private detectives used to use to obtain this kind of financial information. In fact some investigators are so inexperienced in this are that they mistakenly believe that any kind of investigation to disconcert financial information about a person is unlawful or illegal. This is simply not true.

A very basic search of public records such and real property records can reveal banking information about a person. Property records are public information that anyone can view without any kind of subpoena or court order. Many times this recorded document will include first and second mortgages associated with the property. This will reveal banking information that a trained investigator can follow up on, legally without a subpoena, and return financial banking information about the person being investigate.

Now this is just one very simple obvious method that anyone can do. But keep in mind that a professional investigator that has been doing this for years has literally hundreds of such avenues of perfectly legally obtainable financial information that does not initially require a court order or subpeona duces tucem. Anyone that tells you it is illegal or unlawful to obtain financial information about a subject without a subpoena is simply misinformed. They are acting on old outdated misinformation.

For assistance in performing an Asset Search Investigation contact Ed Opperman Pres of Opperman Investigations Inc through his web site http://www.emailrevealer.com/

Article Source: http://EzineArticles.com/?expert=Ed_Opperman

Can People In Divorces Successfully Hide Financial Assets?

30 Jul

By Ed Opperman

It is very common in divorce cases for one spouse to suspect the other of hiding money from the courts. A person will take a look at their spouses affidavit of financial condition and see right off the bat with just a glance that most of the assets are omitted from the report. This is actually very common and it’s at this stage of the litigation that the party will retain a private investigator to run an asset search on their spouse to uncover hidden assets.

This type of report will routinely uncover hidden accounts, property, trusts and corporations. Once the investigator returns his asset search report the attorney can subpoena the financial institutions and get all the records of transactions to see exactly when, where and how funds have been siphoned off of the accounts.

But is it possible to completely hide assets? Even from a professional investigator experienced in asset search investigations? How about a forensic accountant? Can funds and accounts escape his expertise? The answer is both a yes and a no.

There are many places and many ways to stash away funds anonymously. You can create a corporation in a state such as NV where and use a nominee service to maintain the corporation. You’re name will not appear in the public corporate records so there would be no public record connecting you to the funds kept in that corp.

You can store cash in a safe deposit box. Many of these are privately owned companies that keep no records of box ownerships.

Another method is offshore or overseas accounts. These types of accounts have come a long way since the old days of numbered Swiss accounts, there are accounts in the Caymans and even international debit and credit cards that can be used at any ATM, shop or restaurant that accepts regular American cards.

So while it may be possible to hide funds it is not possible to hide the source of the funds. The funds have to come from somewhere and have to go somewhere. There has to be a transaction of deposits and withdrawals. The first step to uncover these hidden transactions is an asset search investigation. Next step is a court ordered subpoena to obtain the transactions and the next step is a forensic accounting.

With enough time, money and investigative resources money cannot be successfully be hidden in any litigation.

Copyright (c) 2011 Opperman Investigations Inc

For assistance in performing an Asset Search Investigation contact Ed Opperman Pres of Opperman Investigations Inc through his web site http://www.emailrevealer.com/

Article Source: http://EzineArticles.com/?expert=Ed_Opperman

Most Common Reasons For an Asset Search Investigation

30 Jul

By Ed Opperman

An Asset search investigation and reveal an incredible amount of information about a person. There are many reasons why a person may hire a private investigator to conduct an asset search investigation. But some reasons are more common than others. This is a brief description of the most common reasons for an asset search.

1. Judgment Recovery – A litigant will win a lawsuit and obtain a judgment. This is an order from the court compelling a person to pay. But unless you can uncover a person’s hidden assets you may never be able to collect on a judgment. So you need to locate their hidden assets. Once the funds are located you can follow the legal procedures to seize the funds from the account.

2. Divorce Litigation – When a couple is going through a divorce proceeding many time one spouse will suspect the other of hiding assets. It could be cash, property, vehicles or business holdings. But the one thing most people are seeking in these types of investigations are hidden bank accounts.

3. Child Support Collections – You may have a judgment for child support but the ex refuses to pay and is working off the books so you cannot garnish their paycheck. An asset search can uncover hidden business interests, stocks, and secret bank accounts. Sometimes the search will include employment information as well. If not there are specific investigations regarding current place of employment that could be bundled in with the asset search.

4. Pre-Litigation – You may have a very good case against someone but if they have no insurance and no assets to pay a judgment there may be no point in going through the expense of litigation. A pre-litigation will spare the expense of a pointless trial.

5. Disputes Over Wills and Probates – There are often disputes between heirs after a death. many times family members feel that the executor of the will is keeping them in the dark about the deceased’s assets. An heir may feel better if no stone is left unturned.

A typical asset search investigation will locate property, real estate holdings, vehicles, bank accounts, trust accounts, businesses and even PayPal accounts. It can uncover a wealth of information and when used in conjunction with subpoena power and a forensic accountant or other professional can solve every one of the problems listed above. There may be other reasons why people will hire an investigator to perform an asset search but these are the most common.

Copyright (c) 2011 Opperman Investigations Inc

For assistance in performing an Asset Search Investigation contact Ed Opperman Pres of Opperman Investigations Inc through his web site http://www.emailrevealer.com/

Article Source: http://EzineArticles.com/?expert=Ed_Opperman

What Can an Asset Search Tell You?

11 Jul

An asset search is a great way to learn more about someone. If you have some basic information, you can have the results of this type of search in no time. This can help you make some major decisions in your life and help you determine who you want to do business with. It can even help you if you are considering a relationship, or in the midst of a divorce.

An asset search will inform you of any asset that may be hidden from you and you may be able to obtain information about real estate that may not be reported on any other search. Real estate if often underreported and this can help people to keep potential real estate hidden from the general public, but a search of assets will provide you with this information about real estate.

If you are concerned about stocks and bonds an asset search will make you aware of these items also. Stocks and bonds can be worth a tremendous amount of money and this may be hidden, especially in the case of a divorce. You will want these items uncovered before you start your divorce proceedings so that this information can be taken into consideration in the entire picture.

Boats and planes are another item that often comes up in an asset search and these items are often very high priced. You may want to know about items that have a high value and wonder why this type of asset is hidden. This may raise a variety of questions and you may want to be very careful when working with anyone that has a large hidden asset.

The person you are conducting the asset search on may have other companies and this is something that you will want to be aware of if you are considering making a business deal with this person. You may not want to deal with anyone that has many companies scattered all over and this may show you a lot about a person you are considering doing business with.

An asset search will give you a lot of answers about hidden assets and this can help you to make some major decisions about who you work with in your life. If you have been concerned about someone in your life and wonder about their background, an asset search may be able to find these answers for you and you can take this information and use it to protect yourself.

Copyright (c) 2010 Ed Opperman

For assistance in performing an Asset Search Investigation contact Ed Opperman Pres of Opperman Investigations Inc through his web site http://www.emailrevealer.com/

Article Source: http://EzineArticles.com/?expert=Ed_Opperman

An Asset Search to Collect on Unpaid Child Support

11 Jul

Any person that would like to recover child support that has been ignored for a long time, and they have not received a dime towards the support balance, can benefit a great deal by having an asset search investigation procedure performed. When a legal judgment has been put into place by a judge, which has named a specific person responsible for paying you a monthly support amount for a child or children, a beneficial investigation of this nature can give you the chance you have longed for to collect on the judgment. Sadly, there are more and more individuals every single year that end up having to consult with private investigators to perform these searches before they have what they need to claim the support that they deserve.

This may sound great, but you may still be wondering how this can be beneficial to you.

By sending an experienced investigator the name, address, telephone number, and the social security number of the individual you have been given a judgment against, they can perform a GLB compliant asset search investigation between one and seven days. After the asset search investigation has been completed, you will receive a complete report that includes any hidden funds, assets, and bank accounts that the individual may be hiding, in an attempt to avoid child support responsibility. To list some of the most common assets that are often found when an asset search investigation is performed would include the following:

Businesses they may own

Vehicles that are registered in their name

Any owned Real Estate

Trust Accounts that are set up in their name

Investments such as Mutual Funds, Stocks, and Bonds

Bank accounts, that include both checking and savings

Planes, Boats, Recreational Vehicles, and other such assets

When an expert investigator recovers such valuable information as the wide variety of assets that is listed above, it can make it a much easier and faster process for an individual to recover the child support that their children have been living without. When experienced investigators perform an asset search to recover incriminating evidence that can be obtained through this valuable type of GLB compliant investigation, all you will need to do is simply provide your attorney with the detailed report you have been supplied. This will give you and your attorney the ammunition that is needed to recover what is rightly due you and your innocent children.

Copyright (c) 2010 Ed Opperman

How To Do An Asset Search Compliant With The Graham-Leach-Bliley Act

11 Jul

In 1999 Congress passed the Graham-Leach-Bliley Act. Prior to 1999 if you wanted an asset search you could hire a private investigator. That investigator would likely obtain identifying information about the subject of the investigation such as their social security number, date of birth, full name and address. Armed with this information they would contact financial institutions and use a pretext to obtain detailed information about the subjects financial accounts.

A pretext is basically where the private investigator would pretend to be the subject of the investigation and pretend they forgot their account information. They would provide the financial institution with the subjects information and get bank account numbers and balances etc.

Today most informed investigators understand that this practice is unlawful and unethical. but many investigators mistakenly believe that asset searches are also unlawful and there is no legal way to obtain such information. This is incorrect. There are still many methods to legally obtain financial information on a subject for a legally justifiable purpose.

Here are some perfectly legal and Graham-Leach-Bliley compliant methods:

1. Real Property, County Assessor – Find properly, mortgages, deeds, notes, trusts, quit claims

2. County Recorder Records- Find Power of Attorney, liens, judgments, trusts

3. Vehicles and Vessels- Find Cars, boats, aircraft, motorcycles

4. Business Ownership- Check for business licenses, yellow pages, professional licenses, corporations, LLCs, Better Business Bureau

5. Corporations- Corporation searches at Secretary of States Office, online data bases and Internet searches

6. Court Records- Divorce, criminal, civil litigation can all reveal financial interests

7. Contractor Registration- Contractor licence, fines, complaints

8. Professional Licenses- Search for licenses, complaints, sanctions

9. Unclaimed Property- Search each state for unclaimed funds

10. Ebay or PayPal Accounts- Largely overlooked in most investigations

11.UCC filings- Find loans and notes

12. Bankruptcies- Find debtors, accounts, businesses, other income sources

13. Online Social Networks- Find possible employment assets, property, business interests, web sites

14. Spouse on all of above if community property state.

As you can see a seasoned investigator can and will find legal methods that will reveal subjects assets without breaking or even bending any laws. Of course a seasoned investigator will have tricks of their own that again are perfectly legal but are a tightly held secret that would never be published in an article.

If you have a legal legitimate purpose to investigate another persons assets there are professional investigators that can legally uncover hidden assets and even bank account information. You just have to be realistic in your expectations and not ask the investigator to act unlawfully when they go about recovering the information you need.

Copyright (c) 2011 Opperman Investigations Inc

For assistance in performing an Asset Search Investigation contact Ed Opperman Pres of Opperman Investigations Inc through his web site http://www.emailrevealer.com/

Article Source: http://EzineArticles.com/5761830

Use A Financial Asset Search Investigation To Locate Missing Persons

11 Jul

Copyright (c) 2011 Opperman Investigations Inc

When working on a missing persons case it’s important for the investigator to think out side of the box and explore every possible avenue of investigation. Many investigators working a missing persons case would not even consider using an asset search investigation as part of the locate or skip trace. But if you consider the benefits of an asset search you’ll see how it can be useful in locating a missing person.

Usually when working a missing persons case the investigator will use a data base search or banking and credit headers but will not delve further into the assets of an individual at all. They will interview coworkers, friends family and neighbors. They will check into mail forwarding at the post office and even check with the leasing agent or landlord but will not take the next step of ordering a financial asset search investigation. While this report will probably contain more valuable information that every other investigative avenue mentioned here.

A brief list of just a few things that can be uncovered with a financial asset search investigation:

– Real Estate
– Investments: Stocks / Bonds / Mutual Funds
– Boats
– Planes
– Companies
– Bank Accounts: Checking and Savings
– Trust Accounts
– Cars

As you can see most of the information listed above will include addresses, cities, states, employment locations, DMV information. all of this information can be used to locate a missing person or hard to locate skip trace investigation. Even a person that has gone off the grid and is living a nomadic lifestyle may still have debts or judgments, liens, bankruptcies, city state or federal fines. All of this data will have clues to their present locations.

Once you have narrowed the search down to a general geographic location through the use of the financial asset search investigation you can begin a more methodical search of court records, inmate searches and even local library searches can uncover news paper articles that may mention the subject of your investigation. Most of this can be done without the subject of the investigation ever being aware that they’re being investigated or that someone is trying to locate them. However if you don’t mind the person knowing you are trying to find them an even more aggressive approach can be attempted. This involves placing ads on the Internet and in local newspapers, contacting churches, social services and many other methods too numerous to list here but shall be covered in a future article in this missing persons series.

A financial asset search investigation is a valuable tool in a missing persons case and should not be overlooked. In fact it should be one of the first steps that the investigator attempts in locating a missing person.

About the Author

For assistance in performing an Asset Search Investigation contact Ed Opperman Pres of Opperman Investigations Inc through his web site http://www.emailrevealer.com/