The Nestmann Group keeps you up to date on important trends, developments and risks that may affect you. Here’s what’s new…
When you retain a licensed attorney, you generally have the right to refuse to disclose all "confidential communications" between you and your attorney. You also have the right to prevent others from disclosing confidential communications. In U.S. law, this is known as the attorney-client privilege.
Looking for a quick buck? Starting next month, you could do worse then surfing to WhoCanISue. You too can get rich playing the "lawsuit lottery,"
If you've ever wondered how Congress could possible enact legislation as complex as the USA PATRIOT Act less than 30 days after the events of Sept. 11, 2001, you're not alone.
Have you committed a "tax crime"—or any other crime—that could be prosecuted in the United States? If you have, you should know that there are few if any practical limits to U.S. jurisdiction if Uncle Sam wants to bring you before its courts.
You've realized a lifelong dream…and arrived in Beijing just in time for the opening ceremonies on Saturday, August 8.
If you believe the IRS, the U.S. Treasury loses nearly $100 billion annually in unpaid taxes in unreported small businesses income.
I'm a "gold bug."Â I distrust paper money of all kinds and am particularly suspicious of my own domestic currency, the U.S. dollar.
Recently, a reader contacted me in relation to a recommendation I made in my book Austrian Money Secrets to purchase U.S. gold eagles, rather than other gold bullion coins.
Back in 2005, our Congressional kleptocrats snuck an obscure provision into a military spending bill that, in effect, creates the first national ID card in U.S. history.
In an advance fee scam, a criminal offers you a large sum of money. But you only can get it after you pay the criminal a smaller amount to have the funds released.Â
A friend and colleague—and a very successful trial lawyer—assures me "there are no frivolous lawsuits." I believe him, too, at least with respect to the cases he accepts. Unfortunately, many other lawsuits can only be described as frivolous.
Recent high-profile prosecutions of wealthy tax evaders have made headlines worldwide. What isn't well known, though, are the new ways tax authorities obtain financial data to unearth tax evasion.
For more than 20 years, I've opposed the criminalization of "money laundering" on philosophical grounds.
Could you be sued for civil claims relating to terrorism? Take the Nestmann three-step test to find out. Then take a deep breath.
The United States is the only major country that imposes tax on a citizen's worldwide income, no matter where that citizen lives.
"It's not you, it's your government." It was a brilliant autumn day in October 2007. I was having lunch on Vienna's Ringstrasse with a vice-president of one of Austria's leading private banks.
A diplomatic passport is the "Nirvana" of international travel. Once you receive diplomatic status from a recognized government, you may be eligible to enjoy the privileges granted diplomats under international treaty.
One of the hallmarks of Panama's financial system is the country's justifiably famous bank secrecy law.
Greetings from the Sheraton Hotel and Convention Center in Panama City. I'm writing this post from my hotel room, which is directly across the street from a construction zone.
Bermuda, perhaps more than any other offshore center, has for decades sought to create for itself a reputation as a "respectable" offshore financial center.
If you've got the money, and know where to look, just about anything you want—legal or illegal—is available in Bangkok. In recent years, Thai police have cracked down against trade in drugs, prostitution, and weapons.
As wacky as some of the anti-terrorist initiatives that I've written about in the good ol' USA, they don't hold a candle to those advanced in the United Kingdom.
Each year, a few hundred Americans give up their U.S. nationality and passport. It's a radical step, not to be taken lightly. Most of those that do so have foreign-sounding names, as indicated by the list of expatriates published quarterly in the Federal Register.
Could you be arrested for stomping your foot in a restroom? Prosecuted for accepting "hot money?" Or imprisoned for clicking your mouse on a hyperlink that pops up in your Internet browser?
No, there haven't been any nuclear missiles launched, at least not yet. No mobilization of U.S. forces on Iran's border. But on March 20, the United States launched the equivalent of an invasion of Iran, in the world of global finance.
How do you know whether the offshore provider you're dealing with is honest? What assurance do you have that he simply won't take your money and run? The only way…
It's a truism to observe that politicians will promise just about anything to get elected. And you don't have to be a genius to know that these promises are made…
Suppose you own a commercial property. It's an old building; one that's susceptible to damage by earthquakes. But under applicable law, you have until 2018 to renovate the building for seismic safety.
Tax havens are once again in the news. Revelations have surfaced that the nation's largest Iraq war contractor "evaded" hundreds of millions of dollars in federal Medicare and Social Security…
Talk about comeuppance. New York governor Elliot Spitzer, the poster boy for ethics on Wall Street and elsewhere in the financial markets now finds his political career in ruins. And it's all because of an almost-unknown law: the Bank Secrecy Act.