Quatloos! > Background
Quatloos.com is a public educational website maintained by Financial and Tax
Fraud Education Associates, Inc., a California non-profit company that has received
a Determination by the U.S. Internal Revenue Service that it qualifies as a
§ 501(c)(3) exempt organization.
Quatloos! covers a wide variety of financial scams, including wacky prime
bank frauds supposedly involving $100 Billion dollars investments that
you can buy for a mere $100, exotic foreign currency scams claiming 80% per
week returns, and many forms of offshore investment frauds. Quatloos! also warns
about many types of tax scams, including claims that payments to the IRS are
voluntary or that the income tax is unconstitutional, to Pure Trust
structures that purport to be financial black holes but in reality will win
you an extended stay at Club Fed.
Along the way, Quatloos! keeps readers attention by collecting some of
the funniest scams around, such as non-existent countries and financial programs
that are guaranteed by space aliens from the far reaches of the galaxy, as well
as would-be victims responses to the scam artists offers - such
as the Brad Christiansen Exhibit where Brad leads Nigerian scam artists on wild
goose chases around the globe to try to collect his money.
Funny though these scams are, the sad truth is that many persons including
otherwise well-educated professionals and experienced businessmen annually
lose tens and hundreds of millions of dollars to these scams. By raising the
publics awareness about these scams, and providing a valuable on-line
resource where potential victims can read up on frauds and fraud artists quickly,
Quatloos! has saved would-be crime victims well over $100 million dollars over
the last five years and probably much more than that.
Quatloos! is the brainchild of Jay D. Adkisson, an attorney and stockbroker
who is also known as one of the best asset protection planners in the U.S. and
a regular speaker on asset protection to the American Bar Association and other
prestigious groups. Mr. Adkissons experiences in law and finance - and
in the peculiarities of offshore planning - combined with his dry but infinite
sense of humor gave him the vision to prevent fraud through mass education embodied
in deep cynicism and priceless parody instead of simply trying to stop and punish
individual scam artists after the scam had already gone down. Although Mr. Adkisson
continues to follow and occasionally edit materials posted on the Quatloos!
site, his focus remains on his widely-read Asset Protection Book website and newsletter, at http://www.assetprotectionbook.com/developments.htm
and other business interests.
The Quatloos! site has now run well past its original intent of simply poking
fun at scams and their perpetrators. Now, people worldwide send information
to Quatloos! and in many ways it has become a clearinghouse for information
on the latest scams. Additionally, many law enforcement agencies have requested
the use of Quatloos! materials for law enforcement and training materials, and
Quatloos! materials are now being included in many books and articles written
Finally, you may wonder from whence the name Quatloos! derives. Frankly, we
don't know. Many readers have sent us e-mail telling us that the word was first
used on the old Star Trek© sci-fi series ("I'll wager 200 Quatloos!
on the newcomer!"). Others have told us that the term was used before that
episode, but was merely picked up by the writers.
Whatever the case, the term Quatloos! has come to denote a fictional currency,
having no real value whatsoever -- which is exactly what you should use to
pay the scam artists who
may pitch to you some of these weird schemes.
We hope that you truly enjoy our site.
~ Quatloos! Staff