How do they track down the funds of people who commit financial crimes? Can’t they just hide the money?

Question

Wanted to ask as I saw SBF’s sentence included a penalty of 11 billion. If he doesn’t just fork it over and claims he doesn’t have it, what do they do next?

In: Economics

Answer 1

Every time you send or recive money at a bank both banks keep a record of that. So they start at somepoint where they think the money was at somepoint and follow the money. You arent going to have 11 billion in cash so its sitting in a bank somewhere. Now if you can get to the money is another questions.