APG - The Crooks Eventually Lose.
By Rob Lambert - 
Email Editor
Date : 18-Oct-2007
Dear Subscriber:
For two years I have been warning you about Bill Reed. I have called for the Feds to shut him down, and they have refused.
Worse yet, the Feds have ignored his efforts to shut www.assetprotectioncorp.com down with a denial of service attack. This is even after the Federal Trade Commission gave me information about his crooked intent.
Even so, justice for everybody but me is finally accomplished. The Feds shut this crook down.
Here is the scoop:
Federal Court Permanently Bars Las Vegas Man From Promoting “Asset Protection” Scheme
WEBWIRE – Tuesday, October 16, 2007
WASHINGTON - A federal judge in St. Louis has permanently barred William S. Reed, the founder of a so-called “asset protection” business, from preparing fraudulent liens for customers and helping customers conceal their funds by having shell corporations own their bank accounts, the Justice Department announced today.
According to the government's complaint, Reed operated the now-defunct Asset Protection Group Inc. (APGI), which helped customers place sham liens on their property to deceive creditors, including the Internal Revenue Service (IRS). Reed and APGI also allegedly helped customers hide their income and assets by holding their money in bank accounts in the names of shell corporations.
The complaint provides examples of six sham liens totaling more than $2 million that Reed and APGI allegedly filed for customers who owed nearly $900,000 in federal taxes. According to the complaint, the IRS has discovered at least 75 APGI customers that have used nominee bank accounts to evade collection of federal taxes. A copy of the complaint is available by clicking here .
Since 2001 the Justice Department has obtained injunctions against more than 280 tax preparers and tax-fraud promoters. Information on those cases is available here . More information about the Justice Department's Tax Division can be found by clicking here .
Have a healthy and protected week…. and if you have time, call your representative and ask why he got a free pass at me.
Have a healthy and protected week.
Best,
Rob Lambert
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ABOUT THIS EDITOR:
Rob Lambert, Founder and former law professor is considered to be foremost expert on tax compliant asset protection structures. A contributing editor to Lexus Nexus debtor creditors series of law books Rob's passion is implement client wealth plans that stand the test of time and hold up under duress.
10 OCTOBER
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