These are the blackest of days for Phipps. On May 4, a jury convicted him on 19 counts of mail and wire fraud, money laundering and tax evasion spiraling out of a multilevel marketing program called Life Without Debt. Phipps operated Life Without Debt and various other MLM programs out of his homes in Alexandria, Alabama, and Colleyville, raking in nearly $25 million.
http://www.dallasobserver.com/2008-03-06/news/life-without-debt-leaves-jimmy-phipps-owing-society/full
http://www.dallasobserver.com/2008-03-06/news/life-without-debt-leaves-jimmy-phipps-owing-society/full
Vastaukset 4
Vanhimmat
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-phipps_27bus.ART.State.Edition1.365ae4e.html
"One of the problems with tracking them is that victims often refuse to acknowledge they've been had," said Susan Grant, director of the fraud center for the National Consumers League in Washington. "We hear of victims who turn on prosecutors because they think they're denying them their chance at more money."
A candidate for president in 2000 and governor of Alabama in 2006, Mr. Phipps gained notoriety through anti-government writings that argued "taxes are voluntary (unless you volunteer)." He said the Uniform Commercial Code let him avoid income taxes, and he declared himself a "sovereign citizen" unaffected by U.S. laws.
“This guilty verdict shows that citizens of our community are sick and tired of
the greed-driven actions of con-artists who think they can out-smart the law. This office is committed to
using all available law enforcement resources to prosecute those who defraud individuals under the guise of
legitimate business opportunities.”
"people that participate in
these “multi-level marketing” pyramid schemes, get this message: tax evasion, along with money
laundering, mail fraud and obstruction of justice, is a sure ticket to many felony convictions and ultimately
to jail.”"
“Life Without Debt,”
“The 2500 Master Networker Plan,”
“The Easy Wealth Book,”
http://www.usdoj.gov/tax/usaopress/2007/txdv07-5-4-Phipps.pdf
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