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Five questions to ask yourself:
1) Why is this stranger I just met on a plane being so good to me by
puking his financial guts out to me?
"Once in a life time" info comes along every day. If you had
the "Holy
Grail", would you tell everyone about it?
2) Is my money safe in some banana republic?
You can't run down the street to your local CAYMAN CAPITAL
branch to
check your balance.
3) How much can I legally earn?
4) How can I repatriate my money (get it back on shore) with minimum
taxes?
IRS doesn't care WHERE you earn your money or HOW MUCH you
earn, as long as you PAY THE TAXES DUE on that money.
5) How do I want to transfer my "10%-per-month" to a lawyer's account
for the lawyer to represent me when the IRS jams you up?
Remember:
A) The IRS doesn't have to prove squat. YOU nave to prove
your
innocent.
B) If your offshore bank / debit card / credit card whatever
has even
the remotest connecting with any onshore US entity (even
by
mailing a letter - Postal Laws are Federal), the IRS can
claim
jurisdiction.
C) The IRS has the deepest pockets around. They can hold on
to
your financial jugular 'till the cows come home. "But I
have a
lawyer", you say. Right. But will your lawyer continue
to represent
you pro-bono when the money runs out? I THINK NOT!
"Ah-ha", you joyously tell me, "I beat the IRS!" Great. But you're broke
in waging your principles battle against the IRS - and the IRS can audit you
next year, and the next year, and the year after that, and...
----------------
If anyone has a legal, bona fide way to avoid taxes (this is legal - tax
EVASION is not)
1) I'd love to hear about it
2) You've got a job as my financial planner.
Gerald Marisch
----- Original Message -----
From: "Paul Altman" <paulha@xxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Tuesday, January 09, 2001 11:44 PM
Subject: guaranteed 10%/month with little risk?
> Did you guys know that it's easy to make a guaranteed 10% a month, with
> little risk? So claims an investor I met while travelling last week.
If
> only we stupid investors/traders would take off our blinders, we'd learn
> "the secrets" that only "the rich" know about....that offshore investing
> offers returns unheard of here in the US, and that it's common for the
rich
> to give dough to secretive "investment clubs" that "guarantee" (with a
> note) this type of return/risk, while refusing to reveal much of anything
> about their investment style/practices. If you were to ask for more
> details from one of these clubs, you might be brushed off with something
> like "sophisticated investors know that international banking and trading
> require an enormous level of discretion and non-disclosure". Supposedly,
> people are willing to accept nonsense answers like this because they have
> friends who have been receiving the 10%/month for some time. It's
> obviously a word-of-mouth business.
>
> Don't take my word for it....here's a link to one of these "clubs".
>
> http://www.triwestinvest.com/
>
> Can some of you more experienced guys tell me what the deal is with this
> type of "investment"? It's easy enough for us to speculate that it's
> some type of Ponzi scheme, but is anyone actually familiar with this
flavor
> of "investment"? Strangely, supposedly some of these have been going on
> for at least a few years.
>
> Is this a familiar scam to any of you? What are the mechanics of the
> scam? Where does the dough come from? (Also, note on the Triwest site
> that it seems to be a pyramid scheme where you can get rich by referring
> others.) Or is anyone actually going to have the nerve to claim that
> it's true: "Sophisticated investors know to ignore the popular myths
> about risk being commensurate with return, and instead go offshore to
black
> box firms that reliably return 10%/month."
>
> An interesting note: Some of these "clubs" have a connection or
following
> among new age types _and_ hard-core US patriots, the type of folks who
> converse about the mechanics of "legitimately" refusing to pay the IRS,
are
> survivalists, carry guns, etc.
>
> Plus, at least some of the salesmen are well-anchored in their
> community. The person I s/w has lived, rather visibly, in the same town
> for 30 years. I.e., it will be difficult for them to simply disappear if
> and when the time comes for the "club" to sour.
>
> Any comments, guys?
>
> Paul
>
>
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