‘Bulletproof Asset Protection’ plan not so bulletproof

cynicalflyer
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‘Bulletproof Asset Protection’ plan not so bulletproof

Post by cynicalflyer »

http://www.abajournal.com/news/article/ ... guilty_in/
A suspended Colorado lawyer who authored the book Bulletproof Asset Protection pleaded guilty in federal court in Las Vegas on Monday to multiple tax-related charges.

William S. Reed, 61, of Santa Barbara, Calif., was indicted in July, along with two other defendants, on accusations he participated in a business scheme between 1998 and 2006 that helped others hide assets from creditors and the Internal Revenue Service, the Las Vegas Review-Journal reports.
"Where there is no law, but every man does what is right in his own eyes, there is the least of real liberty." -- General Henry M. Robert author, Robert's Rules of Order
Tax Man

Re: ‘Bulletproof Asset Protection’ plan not so bulletproof

Post by Tax Man »

Reed allegedly had $70,000 in cash hidden in his vehicle when he was arrested last year
Was that part of the bullet-proof asset protection plan?
Arthur Rubin
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Re: ‘Bulletproof Asset Protection’ plan not so bulletproof

Post by Arthur Rubin »

Tax Man wrote:
Reed allegedly had $70,000 in cash hidden in his vehicle when he was arrested last year
Was that part of the bullet-proof asset protection plan?
You can't (futher) lose your assets if Reed has them?
Arthur Rubin, unemployed tax preparer and aerospace engineer
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