Staffa label chicanery

Have a look at these fascinating legal synopses of an old tax
shelter fraud case related to Scottish island "stamp" labels (Staffa,
Bernera, Eynhallow, Grunay). The amounts of money supposedly changing
hands is staggering (although it's clear that a very small percentage
involved was actually cash, almost all of it was in promissory notes).
Nearly a thousand stamp sheetlet masters selling for hundreds of
thousands of dollars a piece. Quite the trick, convincing people that
these labels would ever be worth anything remotely approaching the
amounts claimed.

http://cases.justia.com/us-court-of-...94/781/231004/
http://cases.justia.com/us-court-of-...88/385/203651/

The legal details themselves aren't of interest (to me, at least),
but the notion that any of this stuff would ever be worth $160 million
is unbelievable.

Ryan