DD Support Board and Research Team

[beenhadbefore]

Ever wonder what an indicted pump and dump promoter’s tax return looks like? The income he claims verses what the government actually finds off shore can be surprisingly different.

Steve Kerr’s and Michael Quiel’s tax returns US v. Chris Rusch
In 2008 Kerr and Quiel both showed a loss on their tax returns “Wow, these two are unbelievably greedy POS.” As the IRS digs deeper other tax years should start popping up since these two have been pumping shells for years and years, this is going to get real interesting. Seems the approach the DOJ and IRS are taking is to get the low hanging fruit by first slamming them with the IRS and then use the SEC afterwards to prove all the money they ever made off these deals was never earned legitimately and/or above board.

I want to see every single nickel that these two ripped off from us tax payers paid back and if the SEC should also bring charges on these two, every penny turned over with 3 fold restitution plus long term prison sentences.

http://www.sethhettena.com/2012/who-is-christopher-rusch/
Who is Christopher Rusch?

May 28, 2012 by Seth Hettena. 0 Comments


Christopher Rusch

On his website, former San Diego attorney Christopher Rusch offers help to those who find themselves accused of tax evasion crimes by the U.S. government. “A criminal tax investigation is different than an audit,” Mr. Rusch writes. “In an audit, the IRS is attempting to collect money from you. In a criminal tax investigation, the government is preparing a case so they can can PROSECUTE you and put you in JAIL.”

These days, Rusch himself is the one federal prosecutors are trying to put in jail. Rusch and two of his clients, Stephen M. Kerr and Michael Quiel, are being prosecuted in Phoenix, Arizona in a scheme to hide millions of dollars in assets from U.S. tax authorities, including a Colorado golf course purchased with offshore funds. Rusch, 41, was arrested in January in Miami after he was kicked out of Panama at the request of the United States.

The University of San Diego School of Law graduate may not be making headlines in San Diego, but Rusch is getting a lot of attention from the Swiss banking community. Rusch is accused of maintaining secret offshore accounts at a bank identified in the indictment only as “Swiss Bank A” — revealed earlier this month to be one of Switzerland’s largest private banks, Pictet & Cie.

Pictet & Ciet, which is in the process of trying to get its North American business up and running, swiftly issued a statement saying the U.S. government had not accused it of wrongdoing.

According to these court documents, Rusch charged his clients $45,000 for what he described as “international business planning, to include international joint ventures in Europe and general corporate services.”

The indictment lays out in detail how the money got transferred to Switzerland and back tax-free through Swiss banks, Panamanian banks and Rusch’s own Interest on Lawyers Trust Account.
Wikipedia defines these accounts as “a method of raising money for charitable purposes, primarily the provision of civil legal services to poor persons, through the use of interest earned on certain lawyer trust accounts.

About $2 million of this repatriated money was used to buy the Colorado National Golf Course in Erie, Colorado, the home course for CU Boulder’s men’s and women’s golf teams.

US v. Chris Rusch