The message from eClub advisor Leslie share shows one reason why you must beware of scams.
Here is a reply from eClub advisor Leslie Share on why you must avoid pure trusts (which are scams).
“Here is Another “pure trust” story. One of the US attendees at the Tortola seminar that we both spoke at a number of years ago had put their business (a store) in a “pure trust.” The IRS apparently waited for the attendee to leave town, and then swooped in and seized all of the store's assets (which far exceeded the alleged tax liability due) from the poor family member left behind to run it. The “pure trust” is one of the so-called “abusive trusts” that the IRS will attack in the case of those poor souls who are duped into creating these frauds.
Best regards to you and Merri.
Leslie A. Share, Esq. Packman Neuwahl & Rosenberg email@example.com
One way to gain tax advantages is through a genuine overseas business. This is why our course “Self Fulfilled-How to Have you Own Publishing Business” is so timely now. Publishing is a great way to expand your existing business, to have a new full or part time business at home and publishing is one of the easiest ways to have a genuine tax deferred global business.
Until next message, good global investing!