IRS Charges Five with Tax Fraud
Global Prosperity Group Founder, David Struckman, Finally Arrested
 
By:
Puget Sound Business Journal
Date:
05/13/2004
Location:
Learning Centre: Investing, Offshore, Taxes


Five people, including a man from the Seattle area, have been charged by the Internal Revenue Service for running an operation that promoted tax-avoidance plans.
 
David Struckman, of Renton and Issaquah, and four other people have been charged with conspiracy to defraud the United States. The government alleges that the group sold "Global Prosperity" wealth-building products, including videotapes, CDs and seminars, which "included fraudulent methods of income tax elimination."

The seminars cost up to $37,000 to attend, according to the government, adding that the group then concealed income earned from the products by using bogus trusts and offshore bank accounts.

Laura J. Struckman, David Struckman's wife, was found guilty on a charge of conspiracy to structure a financial transaction and was recently sentenced to 21 months in jail, according to the government's statement.

Each of the five face up to five years in jail and $250,000 in fines.


Source:
Puget Sound Business Journal
URL:
http://seattle.bizjournals.com/seattle/stories/2004/05/10/daily22.html?jst=b_ln_hl
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