| Summary of Abusive Trust Schemes
by IRS -Criminal Investigation Division (04/15/2000)
In the last few years the Internal Revenue Service Criminal Investigation (CI) has detected a proliferation of abusive trust tax evasion schemes. Currently, there are two prevalent fraudulent schemes being promoted: the “domestic scheme” and the “foreign scheme.” The domestic scheme involves a series of trusts that are formed in the U.S., while the foreign trust scheme is formed offshore and outside the jurisdiction of the U.S. The trusts involved in the schemes, either foreign or domestic, are vertically layered with each trust distributing income to the next layer. The result of this layered distribution of income is to fraudulently reduce taxable income to nominal amounts. Although these schemes give the appearance of the separation of responsibility and control from the benefits of ownership, these schemes are in fact controlled and directed by the taxpayer. |  |
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 | Sherry Peel Jackson (1) |
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| Fully Informed Jury Association (1) |
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| Karl Marx and Frederick Engels (1) |
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| Russ Kick (1) |
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| Byron King (2) |
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| Daniel J. Lavigne (1) |
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| William H. McIlhany (1) |
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| Ryan McMaken (1) |
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| Professor John McMurtry (1) |
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| Bill Murphy (1) |
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| Albert Jay Nock (1) |
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| nsnbc international (2) |
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| Thomas Paine (1) |
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| Lawrence Parks (1) |
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| Ron Paul (3) |
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| Pennsylvania School Board Association (1) |
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| Les Perreaux (1) |
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 | Mark Pitcavage, Ph.D. (1) |
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| | Trusts and the Untrustworthy
"Pure Trusts" and "Patriots for Profit"
by Mark Pitcavage, Ph.D. (04/07/1999)
This report is the "pure trust" scam, which has migrated to -- and flourished on -- the Internet. "Pure trust" schemes are those in which people are convinced to place all of their assets into a number of trusts of dubious legitimacy in order to hide their assets from creditors and tax collectors. This report explains the primary targets of the scam, the nature of the "product" offered, the pitch the scammers use, the true status of such trusts and the consequences for those people who actually purchase "pure trusts." It also describes other, related scams and frauds that are similar to are aimed at a similar audience, and offers a few suggestions as to ways to help solve the problem. | |
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| Doug Porter (1) |
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| Jon Roland (1) |
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| Tom Scambo (1) |
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| Eric F Schaub (10) |
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| Thomas D. Schauf (1) |
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| Irwin Schiff (1) |
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| SEC (1) |
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| Judy Shelton (1) |
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