You can earn big money helping others hide their assets from creditors and the IRS! Sounds appealing doesn't it, I mean who doesn't hate paying taxes? Here are some hooks to draw the customers in:
"Never pay taxes again, learn the secret only the wealthy know"
"Hide your assets from your spouse if you get divorced"
"Never let your creditors seize your assets, hide it"
I could go on and on. These hooks play to our emotions and allow us to be drawn into the scam. The use of "consultants" helps spread the message and provide a source for revenue tot eh organizers.
This is a multi-level marketing program where everyone gets paid through the sale o books and seminars to learn their secrets. Often time the seminars are held offshore such as the Cayman Islands to protect everyone's identity form the IRS who are always spying. In actuality the seminars are held there to keep the organizers from being arrested for fraud.
The Asset Consultant Scam goes like this: You are approached by a member in the trust hierarchy to help spread the good word. You pay thousands of dollars for some basic information worthless which talks about the benefits of Nevada corporations. You then are allowed to resell the information as an advisor even though you may not have the legal license to do so, it is after all designed to keep the IRS he unknown party.
You then find prospects and charge them thousands of dollars for the information you bought, a new set of books about how to set up Nevada corporations that could be set up for a couple of hundred bucks, tops. You explain that these plans are tried and true and the IRS cannot penetrate the shell because they are now owners of what is termed the "Bearer Shares." The State of Nevada does not recognize these shares and will not recognize assets held in a different state.
The exposure to you as the consultant is obvious because eventually someone will get sued and you will become a third party to the lawsuit and liable for huge legal bills and huge tax issues. Also the state of your residence will have an interest in your practicing law without a license and those penalties are often times incarceration.
The old adage of "if it is too good to be true means it must be a duck!" Stay away from this nasty topic and stay away from their lies about what the IRS will and won't do. The only truth of being an "Asset Protection Consultant" is you will lose money and face possible legal prosecution.
Bill Broich is thirty year annuity salesman who helps agents generate leads and sales. To discover more visit his website: Qualified Annuity Leads
Article Source: http://EzineArticles.com/expert/Bill_Broich/5068
Article Source: http://EzineArticles.com/830353
"Never pay taxes again, learn the secret only the wealthy know"
"Hide your assets from your spouse if you get divorced"
"Never let your creditors seize your assets, hide it"
I could go on and on. These hooks play to our emotions and allow us to be drawn into the scam. The use of "consultants" helps spread the message and provide a source for revenue tot eh organizers.
This is a multi-level marketing program where everyone gets paid through the sale o books and seminars to learn their secrets. Often time the seminars are held offshore such as the Cayman Islands to protect everyone's identity form the IRS who are always spying. In actuality the seminars are held there to keep the organizers from being arrested for fraud.
The Asset Consultant Scam goes like this: You are approached by a member in the trust hierarchy to help spread the good word. You pay thousands of dollars for some basic information worthless which talks about the benefits of Nevada corporations. You then are allowed to resell the information as an advisor even though you may not have the legal license to do so, it is after all designed to keep the IRS he unknown party.
You then find prospects and charge them thousands of dollars for the information you bought, a new set of books about how to set up Nevada corporations that could be set up for a couple of hundred bucks, tops. You explain that these plans are tried and true and the IRS cannot penetrate the shell because they are now owners of what is termed the "Bearer Shares." The State of Nevada does not recognize these shares and will not recognize assets held in a different state.
The exposure to you as the consultant is obvious because eventually someone will get sued and you will become a third party to the lawsuit and liable for huge legal bills and huge tax issues. Also the state of your residence will have an interest in your practicing law without a license and those penalties are often times incarceration.
The old adage of "if it is too good to be true means it must be a duck!" Stay away from this nasty topic and stay away from their lies about what the IRS will and won't do. The only truth of being an "Asset Protection Consultant" is you will lose money and face possible legal prosecution.
Bill Broich is thirty year annuity salesman who helps agents generate leads and sales. To discover more visit his website: Qualified Annuity Leads
Article Source: http://EzineArticles.com/expert/Bill_Broich/5068
Article Source: http://EzineArticles.com/830353