• Episode 38 Charities, Tax Shelters, and Crimes...Oh My! The story of Michael L Meyers and the Ultimate Tax Plan

  • Apr 24 2024
  • Length: 30 mins
  • Podcast

Episode 38 Charities, Tax Shelters, and Crimes...Oh My! The story of Michael L Meyers and the Ultimate Tax Plan

  • Summary

  • Show Notes for Episode 38: Charities, Tax Shelters, and Crimes...Oh My!

    Hosts: Dominique Molina and Tom Gorczynski

    Summary

    In this episode of "Tax Crime Junkies," we delve into the shady dealings of Michael L. Meyer and his notorious "Ultimate Tax Plan." Discover how Meyer, posing as a trustworthy professional, lured financial planners and their wealthy clients into a fraudulent scheme promising massive tax breaks without real charitable contributions. Through a network of bogus charities and deceitful appraisals, Meyer managed to orchestrate one of the most elaborate tax frauds in recent history.

    What You'll Learn:
    • The Mechanics of the Ultimate Tax Plan: How it promised tax benefits through fake charities and non-existent charitable contributions.
    • Profile of Michael L. Meyer: A look into the life and criminal activities of the architect behind this grand tax fraud.
    • Legal and Tax Implications: Understanding the violations involved in the scheme, including IRS rules on charitable contributions and tax deductions.
    • The Role of Financial Planners: How they were duped by Meyer's credentials and presentations, and what red flags they missed.
    • Real-Life Consequences: Insights into the repercussions for those who unwittingly or willfully participated in the scheme.
    Featured Segments
    • Deep Dive into the Scheme: An analysis of how the Ultimate Tax Plan worked, including the use of LLCs and the fake appraisal process.
    • Subscribe to Tax Crime Junkies for more deep dives into the world of tax fraud and real-life crime stories.
    • Share This Episode: Help spread the word about these important stories to keep others informed and vigilant.
    Next Week’s Teaser:

    Stay tuned for the next episode of "Tax Crime Junkies," where we’ll explore the broader consequences of Meyer’s scheme on the financial industry and the relentless pursuit by the IRS to bring justice. We'll also feature personal stories from those caught in the crossfire of this deceitful plan.

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