In one of the largest, cross-border white-collar criminal investigations in the world, Kobre & Kim is defending an ultra high-net-worth individual accused of fraud, misappropriation and money laundering.
Kobre & Kim’s team, working seamlessly across several countries, has matched the unprecedented global investigation through a holistic, aggressive strategy to protect the client’s assets, liberty and reputation.
The U.S. Department of Justice (DOJ) filed multiple civil forfeiture actions in California, seeking to seize the client’s assets, held in trust, which were allegedly traced to an international conspiracy to commit fraud and launder misappropriated funds.
The assets were predominantly held in New Zealand by Swiss trustees, who declined to defend against the forfeiture actions fearing accusations of money laundering by the DOJ.
In response, Kobre & Kim executed a global operation in New Zealand and the Cayman Islands to replace the trustees with aggressive litigators prepared to defend and secure a more favorable positioning for the client’s assets in ongoing forfeiture efforts.
Kobre & Kim coordinated with counsel to win an order from the Indonesian court, ruling that the confiscation and sale of an asset – valued at more than U.S. $200 million – by the local authorities was unlawful.
Kobre & Kim continues to defend the client’s position in several jurisdictions around the world including the United Kingdom, Hong Kong, Switzerland, Singapore, Malaysia, Indonesia and New Zealand.
The defense continues to expand in response to additional legal action from authorities located in Saudi Arabia, Abu Dhabi, Singapore, and various other countries. Given the unprecedented global investigation, Kobre & Kim is coordinating the global criminal and regulatory defense strategy that stretches across jurisdictions, including working with in-market co-counsel in France, Switzerland, Luxembourg, Malaysia and Singapore.
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