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a business after retirement?
Old 05-02-2007, 07:54 PM   #1
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a business after retirement?

DIY Bank
------------------------------
http://news.yahoo.com/s/ap/20070502/...warehouse_bank

SEATTLE - A man operated a "warehouse bank" out of his suburban home, taking at least $28 million from people around the country who wanted a discrete bank account, according to court documents
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Re: a business after retirement?
Old 05-03-2007, 02:27 PM   #2
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Re: a business after retirement?

My first thought was: How long did he expect to get away with this?

My second though: It took the IRS over five years to track down the 1099 mismatch?!?

Guess that answers the first thought...
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Re: a business after retirement?
Old 05-03-2007, 04:27 PM   #3
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Re: a business after retirement?

Very interesting. He likely could have just stolen the money and absconded and he would be free today.

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Old 10-14-2007, 02:56 PM   #4
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