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FIB - Scams 101
Court appearance May 11, 2010
Posted By: Interested In Response To: Court appearance May 11, 2010 (Interested)
Date: Wednesday, May 12, 2010, at 9:47 p.m.(pst)
>> community LAWEEKLY BLOG
Man Who Promoted Lavish Lifestyle Through Tax Avoidance Nabbed For ... Tax AvoidanceBy Dennis Romero, Tuesday, May. 11 2010 @ 3:19PMCategories: crime, odd news
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A Southern California tax advisor who used TV infomercials to sell his books and videos about how to avoid paying taxes has plead guilty to what amounts to ... avoiding paying taxes.(Again, don't try this at home, kids). Dana Ray Reynolds of Huntington Beach pleaded guilty this week to filing false tax returns in 2002 and 2003, according to the U.S. Attorney's Office in Los Angeles. He advised his customers to use corporations to hide personal income and assets from Uncle Sam. He allegedly did just that under his own corporations, with dire consequences.
Federal authorities say he "failed to report well over $300,000 in income from the Internal Revenue Service in each of the years," according to the U.S. Attorney's Office statement. Feds say he used his tax-avoidance companies, Repackaging America, Inc. and Incorporating You, Inc., to funnel personal and family expenses, including a vacation home, cars and RVs.
"To market his concealment and avoidance strategies, Mr. Reynolds highlighted his own elaborate lifestyle made possible by following the plans he developed," said Leslie P. DeMarco, Special Agent in Charge of the IRS' Criminal Investigations office in L.A.
The scheme amounted to an $80,000 tax loss for the IRS, the U.S. Attorney's Office states. Sentencing, which could bring six years behind bars, is scheduled for Sept. 13.
HEARING IS SET FOR 8AM MAY 11, 2010 AT THE US DISTRICT COURT IN LOS
>> ANGELES ... WAS INFORMED THAT RAY IS NOT BEING CHARGED WITH ANY CRIMES
>> AGAINST VICTIMS ... MORE VICTIMS NEED TO SPEAK UP IN ORDER FOR CHARGES TO
>> BE BROUGHT AGAINST HIM FOR POSSIBLE WRONG DOING AGAINST HIS
>> STUDENTS/OTHERS ... NO MONETARY VALUE, JUST POSSIBLE CRIMINAL JUSTICE IF
>> FOUND GUILTY AND POSSIBLE VICTIM ASSISTANCE IF AVAILABLE.>> >> CORRECTION RAY WAS ARRESTED ON OCTOBER 14 2009>>
>> >> >Ray Reynolds real name is Dana Ray Reynolds his criminal
>> docket is
>> >> >> under his real name Docket no. 2:09-cr-01067-ahm-1
>> he is out
>> >> on bail his
>> >> >> trial date is may 11th 2010 ~he is charged wwith 3
>> felony
>> >> counts. his
>> >> >> personal status is he has bankrupted all of his past
>> and
>> >> present
>> >> >> companies, has taken personal bankruptcy. He is
>> broke and has
>> >> 3 personal
>> >> >> judgement against him for hundres of thousand of
>> dollars from
>> >> investors
>> >> >> and students of his training. His only real claim to
>> fame was
>> >> in his
>> >> >> various bankrupcys, he listed over 9000 of his
>> students to be
>> >> written off.
>> >> >> His immage and sucess stories were all lies, his
>> lifestyle
>> >> was financed by
>> >> >> bthose that paid him and them he bankrupted them.>> >> >> >> >> >> Yes, Mr. Ray Reynolds is
>> currently
>> >> sitting
>> >> >> >> in the
>> >> >> >> >> Los
>> >> >> >> >> >> Angeles, CA
>> >> >> >> >> >> >> Federal Holding
>> Facility
>> >> MDC (
>> >> >> Metropolitan
>> >> >> >> >> Detention
>> >> >> >> >> >> Center)for using his
>> >> >> >> >> >> >> teachings and
>> TAX
>> >> FRAUD!!!!
>> >> >> WARNING:
>> >> >> >> "DON'T TRY
>> >> >> >> >> THIS AT
>> >> >> >> >> >> HOME OR YOUR
>> >> >> >> >> >> >> OFFICE"
>> hahaha!!!!>> >> >> >> >> >> As of 10/23/09, Ray
>> Reynolds was
>> >> released!!
>> >> >> He
>> >> >> >> obviously
>> >> >> >> >> proved his
>> >> >> >> >> >> case and the prosecution
>> could not
>> >> build
>> >> >> anything
>> >> >> >> against
>> >> >> >> >> him. If they
>> >> >> >> >> >> could have proved his
>> methods
>> >> didn't work,
>> >> >> he would
>> >> >> >> have been
>> >> >> >> >> done for
>> >> >> >> >> >> sure. Obiviously, his
>> methods DO
>> >> WORK!!
>> >> >> Simple as
>> >> >> >> that.
>> >> >> >> >> Therefore, I
>> >> >> >> >> >> remain a believer in what
>> he
>> >> teaches.>> >> >> >> >> Also, I just looked it up for the
>> MDC in
>> >> Los Angeles
>> >> >> (march
>> >> >> >> 16,
>> >> >> >> >> 2010)... No Ray Reynolds
>> incarcerated.
>> >> >> >>
>> =========================================> Be
>> >> that as it
>> >> >> may, one
>> >> >> >> would surely hope that this has NOT become
>> the new
>> >> standard
>> >> >> of integrity
>> >> >> >> and excellence; i.e. not being behind
>> bars..... why
>> >> not just
>> >> >> take a quick
>> >> >> >> peek @ msg ID # 149992 and read an account
>> from an
>> >> individual
>> >> >> claiming to
>> >> >> >> have had dealings in the past with the
>> entity under
>> >> >> discussion; it comes
>> >> >> >> off as being quite credible ..
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