LegalCitizen attacks Quatloos

[LegalCitizen]

I am still confused about this thread. It has made me really research tax fraud and non-profits. In researching the varios people or companies that are accused of being fraudilant is mind boggling. Look what I have found so far.

Quatloos and Jay Adkisson’s are simply promoters of their own asset protection scams, Quatloos goes around making up false allegations regarding companies and people that it believes maybe competitors. Their sole purpose is to sell their own asset protection scams and trust annuities. What is most disturbing is that jay Adkisson is using a non-profit organization to accomplish this and it appears that members of congresses and the State Bar may be complicit in his scam :

1. Any thoughts on Jay D Adkisson's book on Asset Protection? - Most ...
Our Association has purchased a copy of the book, Asset Protection 'Concepts & Strategies for Protecting Your Wealth' by Jay D. Adkisson and Christopher M. ...
Tell me what you think

[LegalCitizen]

1. Riser Adkisson LLP -- Asset Protection & Tax Planning -- Home
by Jay D. Adkisson and Christopher M. Riser (McGraw-Hill, 2004). Order Now: Asset Protection: Concepts & Strategies for Protecting Your Wealth ...
http://www.riserlaw.com/ - Cached - Similar

This Guy has a great deal going, he slanders everyone else in order to promote his own asset protection scams and he has found a way to do it by using a non-profit organization so all the tax payers pay for his business advertising and growth. This Guy must really have the connection in Washington.

Legal citizen
P.S. More to come, I have a close friend investigating this Jay fellow and contacting all the folks he is practicing unfair trade practices against. I’ll keep you all posted

I don't know who to believe now. Help me out here.

[Pottapaug1938]

I have never seen Jay's book, and I doubt that I will every buy a copy -- I work in the financial sector and held two securities licenses (until my company decided that I didn't need to hold them anymore and stopped supporting them -- and I couldn't do so on my own). So, I will confine myself, here, to echo what Captain K has said: would you rather trust the advice of someone who works within the well-settled law; or would you rather trust the advice of people who have gotten their clients nothing better than frivpens, interest, court cases, asset levies and the like?

[Demosthenes]

P.S. More to come, I have a close friend investigating this Jay fellow and contacting all the folks he is practicing unfair trade practices against. I’ll keep you all posted

LegalCitizen: Email addy used to register on Quatloos: legalcitizen@rocketmail.com

IP for this post: 69.229.223.183
Other users posting from this IP
voiceofpeople 4 posts
IP addresses this user has posted from
69.229.223.183 3 posts

IP trackback: A Pac Bell DSL internet connection in or near Reno, Nevada

Email addy used to register voiceofpeople: jo_doe24@yahoo.com

[webhick]

P.S. More to come, I have a close friend investigating this Jay fellow and contacting all the folks he is practicing unfair trade practices against. I’ll keep you all posted

::snip potentially sensitive data::

He just forgot to mention that his "close" friend is so close that they room together in a small, one-bedroom cranium

[webhick]

He seems like an up and up guy to me. Certainly he has a lot more credentials and credibility than the TP gurus who never went to law school. Many can't even spell GED without a speelchek.

Fixed it for you.

[LPC]

IP trackback: A Pac Bell DSL internet connection in or near Reno, Nevada

And you also know (or should know) that one of Ioane's blogs (http://michaelsioane.wordpress.com) recently posted the same crap that LegalCitizen (aka voiceofpeople) has been posting here.

Of course, for Ioane to be posting to his blog would mean that he's violated his terms of release again.

[Imalawman]

I have never seen Jay's book, and I doubt that I will every buy a copy -- I work in the financial sector and held two securities licenses (until my company decided that I didn't need to hold them anymore and stopped supporting them -- and I couldn't do so on my own). So, I will confine myself, here, to echo what Captain K has said: would you rather trust the advice of someone who works within the well-settled law; or would you rather trust the advice of people who have gotten their clients nothing better than frivpens, interest, court cases, asset levies and the like?

I've been here for a while now, posted a quite a bit, etc. I have never met Jay, don't know that Jay has ever posted on Quatloos. I couldn't tell you the title of his book and never seen it. Don't really care to - not my bag. (sorry)

So, either Jay isn't really promoting his book in this forum or he just really, really sucks at promoting it. Something tells me Jay promotes his book outside of a fun, little forum like this. I know, that may shock some of you TPs, but people that are legit actually can promote their book by other means other than a 2 bit website (not that Quatloos is 2-bit, its more like 4-bit or even 5-bit).

[LPC]

Jay writes and consults on asset protection, which is a completely legitimate and well-recognized area of practice for (usually) trusts and estates lawyers (because many asset protection strategies involve trusts). So, for example, the American College of Trust and Estate Counsel has a separate committee that deals with nothing but asset protection issues, and asset protection is an increasingly common topic at bar association presentations and CLE courses.

Think of it like tax planning. The goal of tax planning is to limit the extent to which your property is taken for taxes, and there are many legitimate strategies to do that. But sometimes people step over the line and do things that amount to fraud. In asset protection planning, the goal is to limit the extent to which your property can be taken by any creditor, not just the IRS. And there are legitimate strategies but, as in tax planning, people often cross the line and do things that are later determined to be fraudulent.

And, just like there are both honest and unscrupulous tax advisors, there are both honest and unscrupulous asset protection advisors.

I have been involved in asset protection planning only occasionally in my own practice, and I limit myself to the relatively simple strategies that I've described on one of my web pages. Jay is involved with more sophisticated stuff, such as domestic asset protect trusts now authorized by statute in Alaska, Delaware, and a few other states.

[Brandybuck]

Quatloos and Jay Adkisson’s are simply promoters of their own asset protection scams...

As a long time customer of Quatloos LLC, I am supremely satisfied with their line of asset protection products. Ever since I started using Quatloos, my assets are shinier and more manageable, and women beg me to have their children. Thank you Quatloos!

[Lambkin]

Dear LegalCitizen,

I'm going to go way out on a limb and guess that only a few of the regular posters here have a use for Mr Adkisson's professional services. (Most are not rich enough.) I appreciate the web site but probably won't ever be in a position to be a client. And certainly the vast majority of victims of detax scams are not potential customers of Mr Adkisson, since they generally have no assets beyond a home or small business. When it comes to financial services, most of the loony detax crowd are only potential customers of check-cashing services and pay-day loans. This web site is clearly a public service intended to protect fools from being ripped off by con artists such as yourself. I don't know if you are Mike Ioane, but if you're not you are certainly a close friend. Tell him from me: enjoy the ride down. It's gonna end in a crater.

[Tax Man]

Actually, Jay does not promote domestic asset protection trusts as much as the typical asset protection attorney. He bases his practice on having actual knowlege of what happens when shyt hits the fan and the asset protection plan is under scrutiny. Being an attorney who represents both creditors and debtors, he has a unique view on asset protection most estate planning attorneys don't possess but only describe in theory.

He is ultra-conservative and tends to base his ideas on legal planning measures that have been tried and tested in courts. If you want to go offshore or create a trust in Delaware (and you have no ties to either), Jay will most likely not suggest either as a viable asset protection option.

In this regard, he doesn't charge the 15,000-20,000 for going offshore like a lot of other high profile asset protection attorneys. If memory serves, this conservative approach has earned him the nickname of the "Bad Boy" of Asset Protection planning. I could be wrong though, I think that was in a Trusts & Estates magazine a few years ago.

To even suggest that Jay does anything unethical in his practice as it relates to asset protection is ridiculous and demonstrates a complete lack of knowledge in the area of asset protection.

[Doktor Avalanche]

Since I started using the product my utility bills have never been lower, my beer brews perfectly every time, my engine performance is up 400% and my laundry always smells fresh.

IANAL, but isn't LegalCitizen engaging in libel?

[Doktor Avalanche]

Since I started using the product my utility bills have never been lower, my beer brews perfectly every time, my engine performance is up 400% and my laundry always smells fresh.

Not to mention the big boost in stamina and performance in bed, a definite plus our significant others seem to enjoy greatly. And it is less obvious than Exten-Z or Viagra.........

You need Exten-Z and Viagra?

Loser!

It's an eventuality every man will face. Nobody's immune.

[Pottapaug1938]

He seems like an up and up guy to me. Certainly he has a lot more credentials and credibility than the TP gurus who never went to law school. Many can't even spell GED without a speelchek.

Fixed it for you.

\

More likely, he's like me -- an imperfect typist. Well, I'd rather read a thoughtful post imperfectly typed, rather than an idiotic post flawlessly typed.

[sooltauq]

This is Jay. Mostly because I'm bored while working on something else, I'll reply.

Quatloos and Jay Adkisson’s are simply promoters of their own asset protection scams

Like what? Name one.

Quatloos goes around making up false allegations regarding companies and people that it believes maybe competitors.

Like who? Name names and give the URL of the page where you believe this has occurred.

Their sole purpose is to sell their own asset protection scams and trust annuities.

Quatloos doesn't sell anything. If you can identify something that I am involved with that you believe is a scam, identify it.

What is most disturbing is that jay Adkisson is using a non-profit organization to accomplish this

Quatloos is not only non-profit, but it is non-income, net or gross. We don't sell anything.

and it appears that members of congresses and the State Bar may be complicit in his scam :

That's what happens when you are a card-carrying Illuminati as I am.

Our Association has purchased a copy of the book, Asset Protection 'Concepts & Strategies for Protecting Your Wealth' by Jay D. Adkisson and Christopher M. ...

This is a quote from the website of a well-known tax protestor and convicted felon, Karl L. Dahlstrom, as mentioned at http://www.quatloos.com/taxscams/purecase/dahlstm1.htm

After his release from prison, Dahlstrom went into business selling his new scam, the Texas Joint-Stock Company, and after I and several others pointed out this scam, then he started an online tirade including making numerous false postings on a bunch of internet sites that were usually just cut-and-paste copies of his tirade at: http://www.proadvocate.org/Services/Bul ... fault.aspx

To give you a flavor of the type of scam artist that Dahlstrom still is, check out these other "products" sold by a non-lawyer convicted felon: http://www.proadvocate.org/Programs/tab ... fault.aspx

BTW, due to the economy, probably more than half my practice is currently doing creditor collection work, i.e., chasing deadbeats and busting asset protection plans, and asset protection planning has shrunk to a much smaller portion of my everyday business. My law partner, Chris Riser, who is currently the Chair of the American Bar Association's Asset Protection Planning Committee has taken over nearly all that work.

Finally, one of the reasons that we wrote our book on asset protection was to try to clean up the area by pointing out the differences between legitimate and illegitimate practices, and suffice it to say that I have had numerous professional disagreement (some cordial, many not) with other asset protection planners about things that I have little faith in, including offshore trusts, domestic asset protection trusts, and various other hinky and bogus deals, which would have included Karl Dahlstrom's idiotic Texas Joint-Stock Company scam had I been aware of that scam at the time we wrote the book.

So there!

[Doktor Avalanche]

The High Llama has spoken!

We now return you to your regularly scheduled program, already in progress...

[Doktor Avalanche]

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I admit I'm not an expert at asset protection, but even I have to call bullsh*t on this.

[Thule]

"LegalCitizen attacks Quatloos"? A few unsupported statements, and some positivly false claims constitutes an attack? Sounds more like a weak attempt at slander to me.

[Doktor Avalanche]

Sounds more like a weak attempt at slander to me.

No, it's libel - slander is spoken.