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Spanish Version Below
MORE NEW RULES FOR CLAWBACK PONZI VICTIMS = GOOD!
8/13/2014 OUCH! Getting clobbered by a clawback lawsuit after being the victim of a Ponzi scheme is a double punch.  Although the words IRS scares us to to death!  Believe it or not the IRS has published new rules for Ponzi scheme victims who suffered clawback lawsuits from a court-appointed trustees!
http://www.irs.gov/uac/Help-for-Victims-of-Ponzi-Investment-Schemes

This is good for victims of Ponzi and some Pyramid schemes.
UR Ed. Rod Cook - Full Disclaimer check out this information with your local IRS office! And have your tax preparation expert double check it in IRS bulletins.  I was told by local office yes it was still in effect but, I don't trust the IRS!
http://www.palmbeachdailynews.com/news/business/new-irs-rules-may-aid-ponzi-clawback-victims/nScfP/

Also the SEC by shutting down Zeek Rewards and Telex Free has given you clear proof that your money was stolen by a Ponzi Scheme!

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 T 67 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?

IRS Q & A  THAT MAY HELP YOU - UPDATE AUG 2014
NEW JULY 2014
IRS INFORMATION ON THIS PROGRAM = HOT LINK FAQ'S
http://www.irs.gov/uac/FAQs-Related-to-Ponzi-Scenarios-for-Clawback-Treatment


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 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.
UR MLM Watchdog Editor Rod Cook:  This is really good!  Check it out!

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.
UR MLM Watchdog Editor Rod Cook:  The SEC Receiver's information is going to make proving this part fairly easy.
 
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. UR MLM Watchdog Editor Rod Cook:  This is really great!  But as I said in the disclaimer up front check every big of this IRS information out!~



ESTO IS A CORTESIA DE LA ASOCIACION DE PROFESIONALES DE REDES DE MERCADEO
Y EL MLMwatchdog! (El guardian del multinivel

Esto es bueno para las victimas de esquemas Ponzi o esquemas piramidales.
Rod Cook su Editor. – Por lo menos hay algunos alívios para la gente inocente que cayó victima de la pirámide de ZEEK REWARDS y perdieron su dinero. Como siempre decimos: Multinivel es bueno, vende buenos productos y servicios-Los esquemas piramidales o ponzi no son buenos y no se relacionan con multiniviel porque no venden buenos productos y/o servicios. Para aquellos que no han podido diferenciar aqui les traemos ayuda. Gracias a Dios!
Gracias a Madoff (creador hace varios años de una pirámide ponzi de inversión en la que mucha gente perdió muchos millones de dolares y ya esta en carcel federal para siempre) pero su pirámide ahora nos ayuda porque a raiz de eso se ha creado la forma de aliviar las perdidas de las victimas.

Su editor Rod Cook – Desgloso completo: Revise esta información con su oficina local del servicio de rentas internas ( IRS ) y su contador o persona que prepara sus impuestos para que ellos revisen este boletin. La oficina local nuestra del IRS nos dijo que aun estaba en efecto pero yo no confio completamente en el IRS.
Tambien el hecho de que la SEC (Comisión de intercambio de seguridades o inversiones) cerró a Zeek Rewards le da a usted una prueba clara de que su dinero le fue robado por una pirámide o esquema ponzi que is a ilegal.
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LEA CUIDADOSAMENTE, LOS DOCUMENTOS DEL IRS SON CONFUSOS!

Algunas de las interrogantes que fueron contestadas por esta regla y que aplican a las perdidas por pirámides y esquémas ponzi son:
 
1.) Es la perdida por fraude criminal o desfalco en una transacción en la que participó con fines de lucro, una perdedida de robo o robo de capital bajo el articulo 165 del código del IRS?

2) Es esta perdida sujeta a los limites de perdida personal dentro de el articulo165 (h) o los limites de dedecciones detalladas en los articulos t67 y 68?

3.) En que año es tal perdida deducible?

4.) Como se determina el monto de tal perdida? Y finalmente

5.)Puede esta perdida crear o incrementar una perdida neta en operaciones bajo el articulo 172 del código del IRS?

Debido a lo que sucedió con la pirámide Madoff, el servicio de rentas internas ha tomado una forma diferente para tratar con situaciones futuras. Ellos han implementado unos reglamentos y lo anuncian en linea que son los siguientes de acuerdo al articulo (accesible con el enlace caliente de más abajo) Los reglamentos establecen en lo adelante la posición formal legal del IRS y el departamento del tesoro:

• El inversionista esta autorizado a declarar una perdida de ingresos la cual no es perdida capital o de capital. En otras palabras, un robo sufrido en un esquema de pirámide o ponzi no esta sujeto a los limites normales de declaración de perdida de $3,000 dolares al año que excedan los limites de ganancias de capital

• Los reglamentos del servicio clarifican que perdidas por robo en “inversiones”no estan sujetas a las limitaciones que se aplican por perdidas “personales” debio a perdida por robo o accidentes. La perdida es deducible como deducción detallada pero no esta sujeta a la reducción de 10% del AGI (Ingreso bruto ajustado) o la deducción de $100 dolares que se aplica a las deducciones de muchas perdidas accidentales y perdidas por robo

Su editor guardian del multinivel Rod Cook:  Esto es a muy bueno! Reviselo
•      La deducción de la perdida es deducible el mismo año en que el fraude fue descubierto, excepto y hasta lo extenso de si hay un reclamo con expectativas rasonables de recuperar la perdida. La prueba para determinar el año del descubrimiento y aplicar la regla de la esperanza rasonable de recuperar es bastante extensiva y puede ser raiz de controversia. Pero la regla del servicio de rentas internas provee un proceso de “manera segura” para que el IRS accepte las perdidas reportadas en un esquema piramidal.

Su editor MLM Watchdog Rod Cook:  La información del recibidor de la SEC va a hacer que sea francamente fácil proveer esta información (la SEC ha creado una oficina y un sitio de internet del recibidor para el caso de Zeek Rewards)
• El monto del robo incluye las inversiones no recuperadas e ingresos reportados en años anteriores. Esta regla concluye que el inversionista puede generalmente reclamar una perdida por robo no solo de el monto neto invertido sino también de el llamado “ingreso ficiticio” que el el ingreso que los promotores de la pirámide acreditaron a las cuentas del inversionista y el cual el inversionista haya reportado como ingreso en los años anteriores a descubrirse el robo.

Algunos contribuyentes argumentan que deben ser permitidos a enmendar sus reportes de ingresos de los años anteriores al descubrimiento del robo para que excluya el ingreso fantasma y que puedan recibir un reembolso de impuestos en esos años anteriores. El reglamento del servicio no trata ese argumento y el proceso de “forma segura” del IRS esta condicionado a que los contribuyentes no hagan enmiendas a sus declaraciones de impuestos en años anteriores.

•      Una deducción de perdida por robo que crea una perdida neta en operaciones se puede tomar antes o después de acuerdo al marco de tiempo prescripto por la ley para generar un reembolso de impuestos pagados en otros años reportados. Su editor MLM Watchdog Rod Cook:  Esto es realmente grandioso pero, como dije anteriormente en el desgloso completo, revise cada punto de esta información del IRS con su oficina local del IRS on su experto en impuestos.

INFORMACION DEL IRS SOBRE ESTE PROGRAMA = ENLACE CALIENTE
http://www.irs.gov/newsroom/article/0,,id=205374,00.html


MLM UPLINE PONZI SCHEMES AND STOCK SWINDLES





----------------------PAST MAJOR PONZI  TVI EXPRESS-----------------------------------

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?
CLICK HERE AND PRINT OFF -  SAVE WITH YOUR 2010 TAX RECORDS

IRS Tax Relief for Victims of Ponzi-Type Schemes
GET SOME MONEY BACK ON TVI EXPRESS - BELOW

TVI EXPRESS 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.

ACCURACY IN MEDIA PROJECT - WHAT IS THE DIFFERENCE BETWEEN A PYRAMID AND PONZI SCHEME?

tag: mlm is good, pyramid bad, ponzi bad, tviexpress, royal cruise matrix, ASD, ZEEK, ZEEK REWARDS, TAX MITIGATION
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