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Feds want mans seized gold and silver coins, bars
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http://www.oregonlive.com/news/orego...s/109429941527 0760.xml#continue Sorry, I didn't know a page would pop up asking for your zip code etc. Just skip this article if you wish. |
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"I think the government fails to perceive or understand what Crowne Gold's
business is," Weaver said. That makes two of us. -- Richard http://www.richlh.com A thought: Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body. But rather it's to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming, "Wow! What a ride!!!" "JSTONE9352" wrote in message ... http://www.oregonlive.com/news/orego...s/109429941527 0760.xml#continue |
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Subject: Feds want mans seized gold and silver coins, bars
From: (JSTONE9352) Date: 9/4/2004 12:56 PM Central Daylight Time Message-id: http://www.oregonlive.com/news/orego...s/109429941527 0760.xml#continue Sorry, I didn't know a page would pop up asking for your zip code etc. Just skip this article if you wish. If ever you get a website that asks for your ZIP code, use 48222. It is a post office in Detroit that handles the shore-to-ship mail service for passing lake boats. A power boat takes a bag of mail out alongside the ship as it goes by, and it drops down a rope with the mail headed ashore. The guys in the boat take that off and tie on the bag for the ship, which never slows down. Thus, if you "live in" 48222, you could be in Duluth or Montreal for all anybody knows. .. Duluth Lautrec TomDeLorey - "Patriotism means supporting your country all of the time, and supporting your government only when it deserves it."--John Williams |
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From: JSTONE9352
Feds want mans seized gold and silver coins, bars .... http://www.oregonlive.com/news/orego...s/109429941527 0760.xml#continue Sorry, I didn't know a page would pop up asking for your zip code etc. From: Scot Kamins http://babyurl.com/MX0uS2 Heh heh ... same thing ... Now, *I* say: try THIS: Feds want guilty man's gold, silver Saturday, September 04, 2004 NOELLE CROMBIE The federal government is trying to seize dozens of gold bars and coins and thousands of silver coins found two years ago when agents raided a Portland business whose owners were suspected of being tax cheats. The unmarked gold and silver pieces were found in boxes, some never opened, in a safe in the company's break room, according to court documents. Now that 19 people associated with the business venture that offered investors privacy from what they described as the "government snooping apparatus" have entered guilty pleas, the federal government has moved to seize the gold and silver. Specifically, federal prosecutors are trying to get 47 10-ounce gold bars, 35 1-ounce gold coins and 3,069 1-ounce silver coins. At the time it was seized, the gold and silver were valued at $200,000. The precious metals were part of a tax-dodging scheme developed by Terry Neal, a 58-year-old Gresham business executive who aggressively promoted his ability to lower and even avoid federal tax obligations. Neal in April pleaded guilty to one count of conspiring to defraud the United States, and according to the terms of his plea agreement is expected to serve five years in prison. His sentencing is set for November. Eighteen others, including his associates and investors, also have entered guilty pleas to charges that include filing false tax returns. Until his guilty plea, Neal -- author of several books, including "The Offshore Advantage" -- was a prominent force in the anti-tax movement. Gold, purchased through the company, Crowne Gold, played a role in Neal's plan to help investors avoid paying taxes, according to government officials. Neal helped to found the company. According to court documents filed this week by Assistant U.S. Attorney Leslie Westphal, investors bought gold as part of an "elaborate scheme involving offshore accounts, credit cards and debit cards." According to Crowne Gold's promotional material, clients would buy gold from the company over the Internet, then Neal and his associates would hold it for them in a "digital gold account." Investors' gold and silver coins were stored in the same holding facility without any labels or markings that distinguished one investor's holdings from another, court records said. With a gold account, investors were able to convert their investment into any currency they wanted or apply the money toward a debit card issued by Crowne Gold. Using gold made it harder for the federal government to trace investors' money. In fact, the primary benefit of dealing in gold was privacy, the company told investors. According to court records, the company's business plan was to "ensure against overzealous governments from seizing client information." Ron Hoevet, Neal's lawyer, declined to comment Friday on the government's attempt to seize the gold and silver. Bob Weaver, who represents Crowne Gold, said the effort is "a little premature." "I think the government fails to perceive or understand what Crowne Gold's business is," Weaver said. Noelle Crombie: 503-2767184; . 8-| - Coin Saver |
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