In the 80's an accountant buddy told me about several of his clients who were in this situation. However, they were smarter and owned nothing that could be lawfully seized. With the exception of modest personal possessions everything was rented or leased. All expenses paid via CC. At that time courts had ruled CCs were not an asset since they only represented debt and the Feds had no legal means to force the holder to withdraw against the credit line. The source of the CC settlement was offshore.