Ed. Note: Several MLM Scam owners used this guy. He may have been an advisor for the Ineternational Heritage dodge. That activity may have been the nail in his coffin.
The Noose Tightens on My Number One Scammer: Jerome Schneider
By Rob Lambert
Jerome Schneider was finally indicted last week. Remember, he was the International Financial Expert and author of "Hiding Your Money" who peered at you from the pages of nearly every in-flight magazine. He promised to legally eliminate US taxes using sophisticated offshore tax structures: normally Banks in Nauru. For this service he charged fees in the $60,000 range.
Well, this Financial Expert was finally indicted on 1 count of conspiracy to defraud the Internal Revenue Service, 14 counts of wire fraud and 8 counts of mail fraud. His partner in crime, Los Angeles lawyer Eric Witmeyer, was also indicted. Each man faces up to 115 years in prison if convicted on all counts.
It is not important that these crooks are finally gone (clones and even more clever crooks are replacing them as we speak). What is important is that you take this moment to recognize that tax scamming is a major industry; and, if you follow 4 very simple rules you will never be the victim of one of the many scams which are promoted every year.