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The United States Of Asset ProtectionThe United States Of Asset Protection
Asset protection grows ever more popular and permanent. After spending over six years in prison for civil contempt, Stephen Jay Lawrence is a free man once again. In the statement releasing Lawrence from prison, Judge Alan Gold for the U.S. District Court, Southern District of Florida, concluded that, Lawrence has come to value his money (whatever may be left) more than his liberty. Back in 1991,
Gideon S. Rothschild and Marlene Soukavanitch
Asset protection grows ever more popular — and permanent.
After spending over six years in prison for civil contempt, Stephen Jay Lawrence is a free man once again. In the statement releasing Lawrence from prison, Judge Alan Gold for the U.S. District Court, Southern District of Florida, concluded that, “Lawrence has come to value his money (whatever may be left) more than his liberty.”
Back in 1991, Bear Stearns & Co., Inc. was awarded $20.4 million in an arbitration proceeding against Lawrence. Shortly before the conclusion of the arbitration dispute, Lawrence transferred about $7 million, or 90 percent of his net worth, into a newly created offshore asset protection trust. In 1997, before any...
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