Quatloos! > Investment
Fraud > Offshore
Planning
The best thing about having money offshore is having to visit
it occasionally. Yes, you may save a few bucks from taxes and
hide some dinero from your soon-to-be-ex-spouse, but can also
get yourself into a whole lot of trouble. Sunny climes are, after
all, for shady people. And there are lots of shady people in the
offshore havens, people who will lie, cheat and steal to get your
money, and then try to extort more money from you by threatening
to turn you over to the authorities in your home land.
- Exhibit:
TERRY NEAL
NEW! -- Terry
Neal Arrested -- The very-high-profile author of
The Offshore Advantage and other asset protection books
and the manager of Nevis American Trust has been arrested
for evading U.S. income taxes. Does the IRS intend to squeeze
Neal for his extensive clients lists as part of their continuing
crackdown on offshore tax fraud?
-
Exhibit:
JEROME SCHNEIDER
- Exhibit:
MERRILL SCOTT
The most high profile of the "offshore" law firms
collapses under allegations of fraud and embezzlement.
Letter
from Merrill Scott's Receiver -- Letter from Merrill
Scott's receiver to investors and clients of the former
law firm.
SEC vs. Merrill Scott:
The most high profile of the "high net worth"
law firms is slammed by the SEC for putting its clients
into bogus investments, running a pyramid scheme, and embezzling
client assets. The perfect example of seemingly legitimate
professionals gone bad.
STRANGE!
Read the Summary of the Receiver of Merrill Scott regarding
the allegations that Merrill Scott misappropriated in
excess of $9.5 million in client funds, and then had to
break in to their own offices to retrieve their client
files! http://www.merrillscott.com/Receivership_Summary.pdf
(in Adobe .pdf format).
- Exhibit:
MARC HARRIS
Once the rising star of offshore planners, now generally accepted
as a scam artist who assists clients with tax evasion and scams
them out of their assets at the same time.
Marc
Harris Loses Appeal -- Harris lost his appeal to
the United States Court of Appeals for the 11th Circuit,
the court finding "no merit" in Harris' challenges
to the District Court's judgment
NEW! -- Marc
Harris v. David Marchant and Comments
by OBNR
- Exhibit:
FAKE NATIONS
Be an Ambassador of their "Nation" and much
more. Just don't try to go there, because it doesn't exist.
Dominion
of Melchizedek
You can become an Ambassador of Melchizedek, join their
Bar Association, and even get a Banking License -- all in
one stop! The trouble is in finding Melchizedek (which,
for those of you who are deficient in geography, doesn't
exist).
Kingdom of Enen Kio
Diplomatic
& Consulate Titles
These are being promoted as something which will insulate
you from U.S. taxes, but you'll be lucky to use them just
to get out of parking tickets.
Costa
Rica Property Scams
Today you've bought it and gosh is it beautiful. You make
plans to retire there, but before your plane leaves the runway,
the squatters move in, and now your retirement dreams turn
to nightmares.
Hiding
Money Offshore
One of the dumbest traps you can get yourself into, but also
the most common. Place your money with someone offshore, and
hope that they give it back. The problem: They take the money
and run, and you can't complain without being prosecuted for
tax evasion. Or worse: They extort even more money out of
you under threat that they will turn you in for tax evasion.
This happens every year for hundreds of millions of dollars
-- Would you like to be part of this scene?
Offshore
Personal / Private Banks
"Open your own offshore private bank and millions will
start to walk into your life instantly!" Yeah, right.
Watch a 1/4 million dollar legal and accounting nightmare
walk into life instantly.
Unsecured
Offshore Credit Cards
For as little as a $200 processing charge, you can get an
unsecured offshore credit card with as much as a $5,000 credit
limit, but you better be prepared to wait a long, long, lllooonnnggg
time for your card to arrive.
Le
Club Prive
As we suggested, this offshore investment club has
been revealed to be a massive scam; SEC moves to shut it down!
Offshore
Books & Seminars
You see them at B. Dalton and in the in-flight magazines:
They show beautiful palm trees, Learjets and exotic sports
cars, and promise to change your life. Will these books and
seminars make you a millionaire basking in the sun, or will
your dream vacation be at Club Fed?
Offshore
Scam Forum -- Open forum where offshore scams
and offshore scammers can be freely discussed. Includes offshore
investment and tax fraud.
NEW! - United
States v. Bruce Hawkins dba Hawkins & Associates
- Hawkins enjoined for promoting a tax-fraud scheme.
Two
Businessmen Plead Guilty to Tax Fraud in Offshore Credit Card
Scheme - Credit Cards Were Used To Spend Untaxed
Income Stashed In Foreign Accounts
|
Have a question for Quatloos?
Ask
Tony-the-Wonder-Llama
Offshore
Scams Forum
Open forum where offshore scams and offshore scammers can be freely
discussed. Includes offshore investment and tax fraud and the latest
goings-on in the Dominion of Melchizedek, Principality of New Utopia,
Kingdom of Enen-Kio, the OITC, and other fake nations and world
agencies.
Two
Businessmen Plead Guilty to Tax Fraud in Offshore Credit Card Scheme
- Credit Cards Were Used To Spend Untaxed Income Stashed In Foreign
Accounts
|