Friday, February 11, 2005

Operator of Ponzi Scheme Seeks Tax Refund

A potential new high (or low) in chutzpah may have been reached in by George Fiorini, who agreed to plead guilty last year to mail fraud, tax evasion, and ITSP charges related to a ponzi scheme called the "Ten Percent Plus Plan" that bilked at least 170 investors -- as usual, many them elderly and unsophisticated.  Now, the U.S. Attorney's Office is accusing Fiorini of seeking a tax refund based on the fraudulent scheme, which puts his plea agreement in jeopardy.  Some people apparently just can't stop themselves.  An article in the Cincinnati Enquirer discusses the case.

http://lawprofessors.typepad.com/whitecollarcrime_blog/2005/02/seeking_a_tax_r.html

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