Tuesday, March 11, 2014
Listed Transactions & 419 Plans Litigation: Have You Dealt With Any Of These People?Kenny Ha...
Listed Transactions & 419 Plans Litigation: Have You Dealt With Any Of These People?
Kenny Ha...: Have You Dealt With Any Of These People? Kenny Hartstein Dennis Cunning Steve Toth Larry Bell Scott Rid...
Two federal regulatory agencies are in hot pursuit of a shadowy hedge fund figure and various companies associated with him, claiming they pumped millions into Bernard Madoff feeder funds and other unsuccessful investments, then lied about the losses.
On Sept. 7, both the Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission filed actions in the federal Northern District of Illinois against Nikolai S. Battoo, 41, who apparently has most recently operated in Florida.
In announcing its action, the SEC said Battoo has run numerous hedge funds and claims to manage $1.5 billion for investors worldwide, including at least $100 million in the United States.
Battoo has gathered “tens of millions of dollars” in investments since 2009, all the while losing millions more, the SEC also said in a detailed, 32-page complaint.
He has managed money through a series of companies including BC Capital Group, of Panama, and BC Capital Group Limited, which is believed to be run from Hong Kong. He also manages several hedge funds and is “senior advisor” for an outfit called Private International Wealth Management, and is thought to be affiliated with FuturesOne LLC, a commodities pool located in Lincoln, Neb.Have You Dealt With Any Of These People?
Kenny Hartstein Dennis Cunning Steve Toth
Larry Bell Scott Ridge Randall Smith
Greg Roper Tracy Sunderlage Joseph Donnelly
Norm Bevan Michael Sonnenberg Judy Carsrud
Michael Carroll Anthony Fakouri
Steve Burgess Tom Crosswhite
Wednesday, August 22, 2012
Have You Dealt With Any Of These People?
Kenny Hartstein Dennis Cunning Steve Toth
Larry Bell Scott Ridge Randall Smith
Greg Roper Tracy Sunderlage Joseph Donnelly
Norm Bevan Michael Sonnenberg Judy Carsrud
Dan Carpenter Michael Carroll Anthony Fakouri
Steve Burgess Tom Crosswhite
Than You Should Know:
The dangers of being "listed"A warning for 419, 412i, Sec.79 and captive insurance
As published in:AccountingToday: October 25, 2010By: Lance Wallach
Taxpayers who previously adopted 419, 412i, captive insurance or Section 79 plans are in big trouble.
In recent years, the IRS has identified many of these arrangements as abusive devices to funnel tax deductible dollars to
shareholders and classified these arrangements as "listed transactions."
Kenny Ha...: Have You Dealt With Any Of These People? Kenny Hartstein Dennis Cunning Steve Toth Larry Bell Scott Rid...
Two federal regulatory agencies are in hot pursuit of a shadowy hedge fund figure and various companies associated with him, claiming they pumped millions into Bernard Madoff feeder funds and other unsuccessful investments, then lied about the losses.
On Sept. 7, both the Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission filed actions in the federal Northern District of Illinois against Nikolai S. Battoo, 41, who apparently has most recently operated in Florida.
In announcing its action, the SEC said Battoo has run numerous hedge funds and claims to manage $1.5 billion for investors worldwide, including at least $100 million in the United States.
Battoo has gathered “tens of millions of dollars” in investments since 2009, all the while losing millions more, the SEC also said in a detailed, 32-page complaint.
He has managed money through a series of companies including BC Capital Group, of Panama, and BC Capital Group Limited, which is believed to be run from Hong Kong. He also manages several hedge funds and is “senior advisor” for an outfit called Private International Wealth Management, and is thought to be affiliated with FuturesOne LLC, a commodities pool located in Lincoln, Neb.Have You Dealt With Any Of These People?
Kenny Hartstein Dennis Cunning Steve Toth
Larry Bell Scott Ridge Randall Smith
Greg Roper Tracy Sunderlage Joseph Donnelly
Norm Bevan Michael Sonnenberg Judy Carsrud
Michael Carroll Anthony Fakouri
Steve Burgess Tom Crosswhite
Wednesday, August 22, 2012
Have You Dealt With Any Of These People?
Kenny Hartstein Dennis Cunning Steve Toth
Larry Bell Scott Ridge Randall Smith
Greg Roper Tracy Sunderlage Joseph Donnelly
Norm Bevan Michael Sonnenberg Judy Carsrud
Dan Carpenter Michael Carroll Anthony Fakouri
Steve Burgess Tom Crosswhite
Than You Should Know:
The dangers of being "listed"A warning for 419, 412i, Sec.79 and captive insurance
As published in:AccountingToday: October 25, 2010By: Lance Wallach
Taxpayers who previously adopted 419, 412i, captive insurance or Section 79 plans are in big trouble.
In recent years, the IRS has identified many of these arrangements as abusive devices to funnel tax deductible dollars to
shareholders and classified these arrangements as "listed transactions."
412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.
Wednesday, November 28, 2012
The IRS is Attacking All 419 Welfare Benefit Plans
The IRS has been attacking all 419 welfare benefit plans, many 412i retirement plans, captive insurance plans with life insurance in them, and Section 79 plans. The IRS is aggressively auditing various plans and calling them 'listed transactions' 'abusive tax shelters,' or 'reportable transactions,'participation in any of which must be disclosed to the Service. The result has been IRS audits, disallowances, and huge fines for not properly reporting under IRC 6707A.
412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.
Tuesday, February 28, 2012
Lance Wallach National Society of Accountants Speaker of The Year
Posted by Lance Wallach at 10:58 AM
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Labels: Expert Witness, Lance Wallach, Lance Wallach Expert Witness, Taxaudits
18 comments:
Lance WallachJuly 31, 2013 at 8:31 AM
412i IRS audits, listed transactions
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April 24, 2012 By Lance Wallach, CLU, CHFC
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IRS auditing 412i plans
Protecting Clients From Fraud, Incompetence, and Scams
By: Lance Wallach
Published by John Wiley and Sons, Inc.
Copyright Ó 2010. All rights reserved.
Excerpts have been taken from this book about:
Bruce Hink, who has given me permission