Great Tax Scam book for sale
A California man who the government accused of promoting an improper tax loan scheme has agreed to an injunction against completing future transactions. The man, Scott Catchart or California, did not admit wrongdoing, but agreed to stop the 90 Percent Stock Loan Program.
Government attornies allege that Cathcart misprepresented the progam to consumers by stating that they could avoid income tax on any gains because the transaction was a “loan”, not a sale.
“The public should beware of promoters who promise miraculous tax benefits,” said Nathan J. Hochman, Assistant Attorney General for the Justice Department’s Tax Division. “If it sounds too good to be true, it most likely is.”
Posted under Finance
This post was written by George Bounacos on October 23, 2008
