Follow @USApostille
![]() Our Videos |
October 4, 11
NEWS / Niagara Falls, New York, Financial Advisor Sentenced to Prison for Promoting and Using Abusive Tax SWASHINGTON – Richard Muto was sentenced to 36 months in prison followed by one year of supervised release for corruptly endeavoring to obstruct and impede the due administration of the Internal Revenue laws, the Justice Department and Internal Revenue Service (IRS) announced today. Muto pleaded guilty to the charge in January 2011 after a two-count indictment was filed against him in December 2005. According to court documents, including the plea agreement, between February 1996 and March 200, Muto was a financial advisor, owning and operating his own business called Tax and Investment Strategies in Niagara Falls, N.Y. Muto admitted that he sold and promoted multi-layered abusive trust schemes on behalf of American Asset Protection based in Palm Beach County, Fla., and later The Aegis Company, based in Palos Hills, Ill. The scheme as promoted by Muto required the user to purchase and create a series of domestic and foreign trusts and internal business corporations (IBC). The user would subsequently divert personal income into, and place assets into, the purported independent trusts and IBCs to create the impression that the user was relinquishing control of the income and assets through a series of sham paper transactions. The trusts and IBCs, however, secretly remained under the complete control of the user and thus the income and assets diverted into the trusts remained the income and assets of the user. Muto admitted that he knew that the use of the multi-layered trust schemes would cause his clients to file false federal income tax returns with the IRS. He also admitted that he misrepresented to clients and potential clients that, by using the multi-layered abusive trust scheme the clients could legitimately reduce or eliminate their federal income taxes. According to the plea agreement, Muto also counseled clients to submit frivolous correspondence to the IRS in response to audit notices as a way to intimidate IRS revenue agents and thwart IRS audits of the trusts he was promoting. In addition to promoting the trusts, Muto used the abusive trusts himself, which resulted in his filing of false individual income tax returns for the tax years 1996, 1997 and 1998. According to the plea agreement, Muto’s scheme caused a tax loss to the United States of more than $1.7 million. In May 2008, a federal jury in Chicago convicted the six Aegis principals who ran the nationwide scheme out of Palos Hills, and with whom defendant had a business relationship to promote the trusts. Principal Deputy Assistant Attorney General John A. DiCicco commended the IRS Special Agents who investigated the case, as well as Tax Division Assistant Chief John Kane and Trial Attorneys Jeffrey Shih and Thomas Flynn who prosecuted the case. More information about the Tax Division and its enforcement efforts may be found at www.justice.gov/tax . http://www.justice.gov/opa/pr/2011/October/11-tax-1316.html Tags: corporation, document, |
Do you need
We do Retrieval, Preparation and Legalization.
Power of attorney
Vital records
Birth certificate
Marriage Certificate
Single Status Affidavit
No Record of a Marriage
Certificate of No Marriage Record
Divorce Certificate
Divorce Decree
Death certificate
Criminal Record
Certificate of good conduct
Criminal Background Check
Foreign Driver License
Documents for transportation of the Deceased
Children's Travel Consent Letter
Evaluation of Foreign Education Credentials for US
Letter of Invitation for USA Visa
Documents for Avoiding Double Taxation
|
TestimonialsJohn BeacleayJust wanted to say thanks again for all your help Anton. I mean it's really amazing to me that yo... As a foreigner, I needed a certified translation, so I called the DOE to give me a list of the ce... |
FAQIn each of the following cases, what is the percentage interest in the partnership that should be reported on Form 1065 Schedule B question 3b?Read More » What are the basic requirements to apply for permanent resident status as an asylee or refugee? Read More » How to obtain the Form 6166? Read More » Q. How do I effect service on an agency or instrumentality of a foreign State (28 U.S.C. 1608(b)? Read More » |
Quick Menuapostille Nigeriaapostille New Mexico apostille Bahrain apostille Congo (Kinshasa) apostille Iraq apostille China apostille Pakistan apostille United Arab Emirates apostille Arizona apostille New York City apostille Rwanda apostille Missouri apostille Malawi apostille Kiribati apostille Cuba apostille Kuwait |
NewsJuly 1, 25South Carolina woman accused of altering sister’s death certificate to commit insurance fraud Read More » June 26, 25 Jefferson Davis Hospital birth certificate errors persist; causing headaches for many Read More » June 19, 25 Iowa man whose body was found after home explosion died of suicide – death certificate Read More » June 19, 25 Cruise line passenger allegedly posed as US citizen by using fake birth certificate and ID Read More » |