Evelyn Baltodano Sheehan Explores Asset Recovery in Fraud Investigations at C5 Geneva | Kobre & Kim

Evelyn Baltodano Sheehan Explores Asset Recovery in Fraud Investigations at C5 Geneva

March 24, 2025

Many schemes carried out by fraudsters are considered federal crimes, which often leads to the involvement of international law enforcement agencies to assist in recovery efforts. Kobre & Kim’s Evelyn Baltodano Sheehan joined fellow industry experts in the panel “The Cross-Over Between Civil and Criminal Matters: Recovering Assets in Fraud Investigations Where Criminal Enforcement Authorities are Involved” at C5 Geneva.

During the session, panelists discussed what can happen to fraudsters and victims when law enforcement is involved, including some of the following topics:

AML reporting considerations for parties that have been victims of fraud during litigation or settlement discussions that are aimed at recovering assets from parties responsible of fraud
Account freezing and forfeiture orders, restraint orders and other mechanisms under the Proceeds of Crime Act
Advanced tracing and international tracking mechanisms
Compensation orders vs. confiscation orders
Assistance with assessing, organizing, and litigating civil and criminal asset forfeiture actions
Remission and quitable restoration of assets and forfeiture funds to victims

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