40 days of Frivolous Tax Arguments: The filing of a tax return is voluntary.

This one is good. The tax protesters say that they don’t have to file income taxes because it’s a voluntary system. And they volunteer to NOT file taxes. Part of what fuels this misconception that taxes are voluntary is a Supreme Court decision which said “[o]ur system of taxation is based upon voluntary assessment and … Read more 40 days of Frivolous Tax Arguments: The filing of a tax return is voluntary.

AOL Money & Finance featured one of my WalletPop posts today

It’s fun when AOL Money & Finance highlights posts from WalletPop because we’re a new blog and we’re trying to build our readership. It’s even more fun when they feature my posts! This post is about promotions (particularly from retailers) that promise to give money to charity when you make a purchase…. and the problems … Read more AOL Money & Finance featured one of my WalletPop posts today

40 days of Frivolous Tax Arguments

Because I just can’t get enough of the Internal Revenue Service and our messed up American tax system, I’m going to treat my readers to 40 days of “frivolous tax arguments.” Settle down…. I’ll still be posting all of my regular fraud news and topics. This is just a bonus for the next (very painful) … Read more 40 days of Frivolous Tax Arguments

Usana’s attorney D.J. Poyfair and the Quixtar lawsuit

I find this interesting… D.J. Poyfair is the attorney representing Usana Health Sciences to the death against Barry Minkow. He is also the attorney who is representing a group of 15 “independent business owners” against Amway (Quixtar).

It appears as though Poyfair thinks Amway is an evil pyramid scheme, while Usana is …. oh, I don’t know… better? Less bad???

There was recently a hearing in California in the Quixtar IBO case, and there are a couple of interesting portions. Here’s one (bold added by me):

Read moreUsana’s attorney D.J. Poyfair and the Quixtar lawsuit

CM Development: The Sales Pitch Was Great, But the Company Fell Apart

The Virginian-Pilot
By Matthew Jones and Meghan Hoyer

Invest in real estate. Make money. Improve neighborhoods.

That was the pitch, and it usually started with a ride.

Cary McEntee would be at the wheel, steering his black Cadillac Escalade through some of Hampton Roads’ poorest neighborhoods. His brother, Jacques, usually rode shotgun.

Read moreCM Development: The Sales Pitch Was Great, But the Company Fell Apart

Excellent comment about MLMs (pyramid schemes)

A reader calling himself Bob H. posted this comment under a post about Quixtar/Amway. I thought it was good enough to merit a post of its own. What we have here is an illegal business that have bought protection from Republican Kingpins who happen to oversee the FTC. Times they are a changing though. Seems … Read more Excellent comment about MLMs (pyramid schemes)

Fortune on Sam Antar – Takes One to Know One

sam.gifThe December 24 issue of Fortune magazine has an article on Sam E. Antar, the man most widely known as the former CFO of Crazy Eddie, a New York City electronics retailer that went down in flames in 1987 after the discovery of massive fraud being perpetrated by Sam and his cousin Eddie.

The story begins:

Read moreFortune on Sam Antar – Takes One to Know One