Replies to post #8067 on Petro America - Kansas Corporation

[flaflyersfan]

The IRS Criminal Investigation Division made the arrest;

Criminal Investigation (CI) At-a-Glance

Mission:

Criminal Investigation (CI) serves the American public by investigating potential criminal violations of the Internal Revenue Code and related financial crimes in a manner that fosters confidence in the tax system and compliance with the law.

Headquarters:

1111 Constitution Ave NW
Room 2501
Washington, DC 20224

Management:

Victor S. O. Song, Chief, Criminal Investigation

Overview:

IRS Criminal Investigation (CI) is comprised of approximately 4,100 employees worldwide, approximately 2,700 of whom are special agents whose investigative jurisdiction includes tax, money laundering and Bank Secrecy Act laws. While other federal agencies also have investigative jurisdiction for money laundering and some bank secrecy act violations, IRS is the only federal agency that can investigate potential criminal violations of the Internal Revenue Code.

Compliance with the tax laws in the United States relies heavily on self-assessments of what tax is owed. This is called voluntary compliance. When individuals and corporations make deliberate decisions to not comply with the law, they face the possibility of a civil audit or criminal investigation which could result in prosecution and possible jail time. Publicity of these convictions provides a deterrent effect that enhances voluntary compliance.

As financial investigators, CI special agents fill a unique niche in the federal law enforcement community. Today’s sophisticated schemes to defraud the government demand the analytical ability of financial investigators to wade through complex paper and computerized financial records. Due to the increased use of automation for financial records, CI special agents are trained to recover computer evidence. Along with their financial investigative skills, special agents use specialized forensic technology to recover financial data that may have been encrypted, password protected, or hidden by other electronic means.

Criminal Investigation’s conviction rate is one of the highest in federal law enforcement. Not only do the courts hand down substantial prison sentences, but those convicted must also pay fines, civil taxes and penalties.

http://www.irs.gov/irs/article/0,,id=98398,00.html

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Anyone who benefitted from ill-gotten gains or even sold "worthless" Petro America shares 1st/ 2nd/ or 3rd party even to their own family members better have reported the transactions to the IRS over the last few years. People will start talking to save their own skins. Every post ever posted is still here.

Good luck.

[ItPaysYou]

I am having a real problem here...help me out.

I personally know several of the people that are involved in Petro. What I do know is that they are reputable, honest people.

Now here is my question, since none of these people went to KC and checked out the office and staff, who in here in this forum did? Can any of you speak from experience of actually being there at the office?

Next, Johnny said he went to KC and spoke with Owen and several others while there. He implied that he was at the office of Petro, can anyone confirm this? Johnny said that all was good and he was working hard to get it trading for us. He said he had someone that could help move it along since it appeared that a few things needed to be completed.

Also, if you read the 81 pages you will see that not all the items were Owens, such as the luggage....some cars, etc.

There will be an outcome and I pray that for those that I know and respect, that the shareholders will see it come to fruition.

It's not over till it's over.