KABOOM! Feds Make Big Cash-Gifting Bust In Connecticut; 3 Arrested

This one might make the day for ProfHenryHiggins:

Three arrests. Probe still under way. Emails from alleged scammers quoted by Feds. One refers to cash-gifting prospects as "new blood." Indictment references co-conspirators, meaning other arrests could follow:

StopFraud.gov - Financial Fraud Enforcement Task Force

I have a copy of the indictment on my Blog; I'm not sure how to post it here, but RealSCam is welcome to get it at my Blog and post it here.

PPBlog

Download the complete indictment in .pdf format

The first pages of the indictment:

http://i218.photobucket.com/albums/c...undman/in1.jpg
http://i218.photobucket.com/albums/c...undman/in2.jpg
http://i218.photobucket.com/albums/c...undman/in3.jpg

Download the complete indictment in .pdf format

http://i218.photobucket.com/albums/c...an/alleges.jpg

Gee, sorta makes ya wonder if all those cash gifting pimps who claim gifting is legal under IRS Tax Code, Title 26, Sections 2501-2504 and 2511.might have just got it a tiny bit wrong.

Well, they're a bloody big bit wrong, apparently.

When it comes to cash gifting, it's apparent time is not necessarily on your side.

How things work in the real world:

http://i218.photobucket.com/albums/c...an/invest1.jpg

then

http://i218.photobucket.com/albums/c...an/invest2.jpg

then

http://i218.photobucket.com/albums/c...an/invest3.jpg

Patrick, if you don't put a link to you blog in you sig here I might just have to do it for you. ;)

Link to Patrick's recent article on this topic.