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This is a completely theoretical question, but I'm curious about it.
If a person receives notice that he is being sued for X dollars for trademark infringement or some other civil matter, and the next day, he transfers all the money in his bank account to Switzerland or the Cayman Islands, can the courts punish him for doing that?
Can't the assets be seized?
Interesting question, it probably has happened many times before.
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Yes, it is known as a fraudulent transfer.
It makes you look devious as well as guilty.
I AM NOT AN ATTORNEY AND THIS IS NOT LEGAL ADVICE.
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