TED NUYTEN HOLLAND - BUSINESS FOR HOME
FINDS TOP SCAMMERS!
SUFFERS WEB ATTACKS MLM WATCHDOG COVERING HIM
HERE IS A LIST OF TOP SCAMMERS
TVI Express Don't Send Me NASTY GRAMS!
Another TVI Express China member sentenced for fraud
Using false front of promoting travel, entrapped elderly in pyramid scheme, sentenced to prison
2010-05-21 18:47
Gi Hong Juang and Han Qiang booked a coffee shop for meeting, claimed to organize retiree travel, but in fact, organized an illegal pyramid scheme. Yesterday, Zhabei court sentenced the two to imprisonment for 1 year and 6 months and 6 months imprisonment, respectively, suspended for 6 months, for organizing and leading a pyramid scheme.
June 2009, Gi Hong Juang joined Han Chiang in "TVI Express" member. Later, the two booked the coffee house on Chang-An Road called Luji Island coffee shop, and started recruiting downline members in a pyramid scheme, aimed especially at retirees. They ran the pyramid scheme, Ms. Gi is responsible for collecting cash, membership registration, and disburse awards. Mr. Han is responsible for introduction [and promotion]. To achieve the purpose of profit as soon as possible, Ms. Ji and Mr. Han requires each participant to purchase 8 member accounts. At the Time of the incident, public security officers seized from Ms. Gi's account more than 200 member accounts, involving more than 40 million yuan.
In the same year in November, Ms. Gi was arrested in Shanghai Train Station Southern Plaza by public security officials.
In December, Mr. Hang refunded to Mr. Shen and others to 1.l million Yuan in restitution, turned himself in to the authorities, then refunded additional 50,000 yuan before the trial. The court held that the defendant Ms. Gi and Mr. Han has conspired to organize and lead pyramid schemes, disturb the economic and social order, thus their behavior constituted organizing and leading illegal pyramid scheme. Of the two accused in the crime, the primary culprit is Ms. Gi, and the accomplice is Mr. Han.
Mr. Han apparently chose to surrender himself to the authorities and made restitution. This has been taken into consideration by the court in probation and reduction of the sentence. Accordingly, the court made the ruling.
THE AUSSIE FTC WHACKS TVI EXPRESS PROMOTERS!
(Australian Competition and Consumer Commission)
WILL THERE BE A CHAIN RE-ACTION ACCROSS ASIA?
See Our Dec 2009 Warning Down Below
20 May 2010 - The TVI Express pyramid scheme is promoted by the persons charged through various websites including the site www.tviteamoz.com and the TVI Express Oz group www.facebook.com. Suckers jumping in the pyramid scheme are required to pay $330. Once the sucker has paid the $330, they receive a ‘WORTHLESS travel voucher’ and commission payments for recruiting other SUCKERS into the Pyramid scheme.
The ACCC (Australian Competition and Consumer Commission) had intelligence that Ms Jutsen, Ms Brownlee and Mr Scanlon planned to hold presentations across Australia and New Zealand to Promote the Pyramid Scheme. The orders by the ACCC stopped the Pyramid Scheme presentations from going ahead. If the individuals ignore the orders, jail may be a likely step! WILL THERE BE A REGULATOR CHAIN REACTION ACROSS ASIA??? STAND BY!
The orders also restrain accepting payments from, or making payments to other participants in the scheme. The individuals are also required to place notices on various websites alerting members of the public to the ACCC’s court action.
The TVI Express website hosts YouTube video’s from Indonesia slick hot and full of Illegal income claims. WATCH THIS: Warning no nudity!
IRS CAR & TRUCK MILEAGE WHY MLM IS GOOD!
Feb 2010 MLM GOOD NEWS MUCH BETTER THAN EXPECTED
BOOK MARK THIS PAGE SEND TO PROPECTS
DO THEY GET 50 CENTS A MILE FOR DRIVING TO WORK?
IRS Tax Relief for Victims of Ponzi-Type Schemes
GET SOME MONEY BACK ON TVIEXPRESS - BELOW
This is good for victims of Pyramid and Ponzi schemes.
Rod Cook ur Ed. - At last some relief for innocent folks that fell into a Pyramid or Ponzi sche and were burned bad! As we say MLM is good they sell good products or services- Pyramid and Ponzi schemes are not related because they don't. For those who have not been able to tell the difference here is some help thank God!
Thank you Madoff your big Ponzi is actually helping some little folks!
READ THIS CAREFULLY THE IRS DOCUMENTS ARE CONFUSING! Some of the questions which were answered by this ruling applying to Pyramid and Ponzi loses are:
1.) Is a loss from criminal fraud or embezzlement in a transaction entered into for profit a theft loss or a capital loss under 165 of the Internal Revenue Code,
2) Is such as loss subject to either the personal loss limits in 165(h) or the limits on itemized deductions in t67 and 68?
3.) In what year is such a loss deductible?
4.) how is the amount of such a loss determined and finally
5.) Can such a loss create or increase a net operating loss under 172?
Because of what happened involving the “Madoff” scheme, the Internal Revenue Service has taken a new approach to how to handle any future situations. They have released a set of rules online which are as follows according to the article (link below). The revenue ruling sets forth the formal legal position of the IRS and Treasury Department:
•
The investor is entitled to a theft loss, which is not a capital loss. In other words, a theft loss from a Ponzi-type investment scheme is not subject to the normal limits on losses from investments, which typically limit the loss deduction to $3,000 per year when it exceeds capital gains from investments.
The investor is entitled to a theft loss, which is not a capital loss. In other words, a theft loss from a Ponzi-type investment scheme is not subject to the normal limits on losses from investments, which typically limit the loss deduction to $3,000 per year when it exceeds capital gains from investments. •The revenue ruling clarifies that “investment” theft losses are not subject to limitations that are applicable to “personal” casualty and theft losses. The loss is deductible as an itemized deduction, but is not subject to the 10 percent of AGI reduction or the $100 reduction that applies to many casualty and theft loss deductions.
The revenue ruling clarifies that “investment” theft losses are not subject to limitations that are applicable to “personal” casualty and theft losses. The loss is deductible as an itemized deduction, but is not subject to the 10 percent of AGI reduction or the $100 reduction that applies to many casualty and theft loss deductions. •The theft loss is deductible in the year the fraud is discovered, except to the extent there is a claim with a reasonable prospect of recovery. Determining the year of discovery and applying the “reasonable prospect of recovery” test to any particular theft is highly fact-intensive and can be the source of controversy. The revenue procedure accompanying this revenue ruling provides a safe-harbor approach that the IRS will accept for reporting Ponzi-type theft losses.
The theft loss is deductible in the year the fraud is discovered, except to the extent there is a claim with a reasonable prospect of recovery. Determining the year of discovery and applying the “reasonable prospect of recovery” test to any particular theft is highly fact-intensive and can be the source of controversy. The revenue procedure accompanying this revenue ruling provides a safe-harbor approach that the IRS will accept for reporting Ponzi-type theft losses.•The amount of the theft loss includes the investor's unrecovered investment – including income as reported in past years. The ruling concludes that the investor generally can claim a theft loss deduction not only for the net amount invested, but also for the so-called “fictitious income” that the promoter of the scheme credited to the investor’s account and on which the investor reported as income on his or her tax returns for years prior to discovery of the theft.
The amount of the theft loss includes the investor's unrecovered investment – including income as reported in past years. The ruling concludes that the investor generally can claim a theft loss deduction not only for the net amount invested, but also for the so-called “fictitious income” that the promoter of the scheme credited to the investor’s account and on which the investor reported as income on his or her tax returns for years prior to discovery of the theft.Some taxpayers have argued that they should be permitted to amend tax returns for years prior to the discovery of the theft to exclude the phantom income and receive a refund of tax in those years. The revenue ruling does not address this argument, and the safe-harbor revenue procedure is conditioned on taxpayers not amending prior year returns.
•A theft loss deduction that creates a net operating loss for the taxpayer can be carried back and forward according to the time frames prescribed by law to generate a refund of taxes paid in other taxable years.
A theft loss deduction that creates a net operating loss for the taxpayer can be carried back and forward according to the time frames prescribed by law to generate a refund of taxes paid in other taxable years. TVIEXPRESS SCAM GOING GLOBAL FAST
PHONEY TRAVEL CERTS
12 Dec 2009 GenX and Gen Y are really jumping on this UK based scam that moved to Cyprus that ran accross the UK and the U.S. and then took off like a flame.... or GenX and Gen Y Pyramid Scheme Blow Torch... In Asia.... Run! Interesting when they started the servers were in Dallas, Tx. So a true global PYRAMID SCHEME! What are international regulators going to do? What is FaceBook going to do since the scam is running in one country on FACE BOOK.
tag: mlm is good, pyramid bad, ponzi bad, tviexpress, royal cruise matrix, ASD
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