Quatloos!
> Investment
Fraud > Financial
Planning
Not only are you interested in investing your Quatloos, but others are interested
in investing your Quatloos for you! Why, because they make their Quatloos off
of your Quatloos, of course. And herein lies an inherent conflict-of-interest,
which begins innocently enough but can quickly develop into outright fraud.
"After years of trying to get rich with get-rich-quick schemes, I
know I'm going to get rich with this scheme . . . and quick!"
-- Homer Simpson.
Equity Indexed Annuities
An Equity Indexed Annuity (EIA) is a great financial tool. You get at least
a minimum return, but a chance of greater returns according to participation
in an index. For people who are afraid of losing money in the stock market,
an EIA offers CD-ish safety but with the hopes of greater returns.
Investor
Alerts Regarding Annuities and Insurance
Regulators
to Warn of Annuity Abuses
Quatloos! Guide
to Insurance
General educational overview of what insurance is and isn’t, and a description
of the primary types of life insurance policies that are commercially available.
412i
Defined Benefit Plans
The IRS has issued new Regs to combat perceived abuses to defined benefit
plans qualifying under IRC 412i (hint: No more springing cash value!).
Imperial Consolidated Scam
Asset Protection
Scams
Bogus asset protection plannings, bearer shares, and other worthless arrangements.
Asset Protection Group Scam
Federal Trade Commission shuts down Asset Protection Group,
Inc., and has it placed into receivership for a franchise scam involving
convicted felon Rick Neiswonger
Texas Joint Stock Company Scam
The Texas Joint Stock Company scam is an form of asset protection scam that these days seems to be run mostly from the Dallas area by a bunch of con artists who got into trouble a few years ago selling bogus Pure Trusts...
Corporation Sole Scam
Beware the "Corporation Sole" being marketing by scam artists as a tax planning and asset protection tool.
Insurance Company
Bad Faith
Description of the "Top 40" types of acts of bad faith
by insurance companies against their customers.
Life Insurance To
Pay Estate Taxes
Buy enough insurance to pay off your estate taxes and your net ahead! Maybe.
But the only ones who you know will be net ahead will be Uncle Sam, your insurance
company, and your insurance salesman. Your kids? Who knows. And just why is
it that your insurance salesman takes all those trips to Europe anyway?
Sales Commissions
and Loaded Investments
Why sales commissions means conflict-of-interest, and why you should avoid
paying a sales load for anything. And, the worst of the worst, fee based financial
planners who charge you a flat fee of assets under management and
receive sales commissions for putting you into loaded products.
Self-Liquidating
Loans
Borrow $500 million on Monday, and live on E-Z Street on Tuesday. How attempting
to get 9-figure loans means $99 profit to hucksters.
Black Holes &
UFOs
Criminal tax evasive strategies pitched by tax lawyers, whereby your money
eventually "disappears" off of IRS radar screens and ends up with
your kids -- but both you and your kids may have trouble finding the money
yourself, especially while making an extended stay at Club Fed.
Alaskan Trusts and
Delaware Trusts
A real asset protection tool, or a scam to give the trust companies and banks
in these states additional revenue?
Living Trusts
Considers the Misuse and Abuse of one of the most heavily marketed legal planning
tools.
Avoiding
Investment Scams
10 simple questions you can ask to help keep you from being defrauded.
Financial
Planning or Fleecing of Seniors? - Insurance Products & Investments
Financial Planning, Estate Planning and Asset Protection Scams
Discusses abuses and issues in financial planning, including questionable compensation practices, bogus institutes and accreditations, bad products, annuity abuse, inappropriate life insurance sales, living trust mills, and related misconduct. Also answers questions about usually legitimate but developing areas such as life insurance premium financing, life settlements, charitable gifting strategies, etc. Includes discussion of asset protection scams.
• Rich Life Quick
• National Business Consultants selling shelf corps with LOCs
• Learn Swing Trading Strategy
• Gold Market has World Famous Mine Finder Joe Spammer
more...
Articles
Asset Protection Group Scam
Federal Trade Commission shuts down Asset Protection Group,
Inc., and has it placed into receivership for a franchise scam involving
convicted felon Rick Neiswonger
Private Annuity Exhaustion Test
Kevin McGrath Article on Private Annuity Sales and the Exhaustion Test Raises Issues for Private Annuity Trusts
Accounts Receivable Financing Scams
In the last several years, numerous account receivable financing programs have been created and they all have their quirks and variations. But the theme is still the same...
Private Annuity Trust
The Numbers Don't Support the Hype. by Kevin J. McGrath
Stokes v. Commissioner
In a case involving the National
Association of Financial and Estate Planners, the court held that the
private annuity trust in that particular case "constituted a sham trust that
lacked economic substance". Not only did Mr. Stokes not receive the promised
tax benefits, but he also got slammed with an accuracy-related penalty!
