Latest / Money, Trust and Deception
The 50.000 Dollar Tax Strategy That Was Never Legal
Larry C. Conner sold business owners and taxpayers what appeared to be a sophisticated way to dramatically reduce their taxes.
Through seminars organized under The Business Solutions Group, clients were introduced to a structure involving multiple trusts and something described as a private family foundation. The arrangements could cost tens of thousands of dollars, and the complexity helped make them look like advanced tax planning.
But Conner eventually admitted that he knew the system was fraudulent. Attorneys and accountants had warned him. The IRS had published information explaining the…
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