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IGP or Global Prosperity


 

Global prosperity was an MLM with an information-based product that educated the poor and middle class on how to manipulate tax advantages like the rich.

The problem with this type of tax manipulation is that it is often illegal. You have to actually be rich in order to do things that are illegal for the poor and middle class. No . . . but seriously folks! Global Prosperity was providing information that was at best mediocre in the eyes of a seasoned and sophisticated investor. The tape set was sold for thousands of dollars and the seminar was usually held in the Bahamas.

The creator of this program, Keith Anderson, fled the US authorities to Costa Rica.  Keith was offering off-shore sheltering and alternative trust funds to MLM members and is considered by the IRS to have racketeered one of the largest off-shore trust fund scams in history. My friend Matt Gagnon was contacted by David Starkey, who actually went to jail by practicing the methods sold by Global prosperity and the Institute for Global Prosperity. We have included his letter on this website.

Many MLM’s even put disclaimers at the bottom of their promotions that say ‘Not Global Prosperity’. That is a very bad reputation. Below is an expose on abusive trusts and tax scams.  

Fraudulent Foreign and Domestic Trusts

Promoters of abusive trusts can lead innocent taxpayers to financial ruin.

The bottom line: "Don't Buy In!"

What Is An Abusive Trust?

Establishing a foreign or domestic trust for the purpose of hiding income and assets from taxation is illegal. Abusive Trust Schemes typically involve the creation of one or more trusts into which the taxpayer transfers his or her personal and/or business assets and to which the taxpayer assigns his or her income. The taxpayer, the promoter, or someone who will allow the taxpayer in reality to control the activities of the trust is then assigned as the trustee.

The Facts About Trusts

  • A trust is a form of ownership which completely separates responsibility and control of assets from all the benefits of ownership

  • Trusts are used in such matters as estate planning; to facilitate the genuine charitable transfer of assets; and to hold assets for minors and those unable to handle their financial affairs

  • All trusts must comply with the tax laws as set forth by the Congress in the Internal Revenue Code, Sections 641-683

  • Violations of the Internal Revenue Code may result in civil penalties and/or criminal prosecution

    • Civil sanctions can include a fraud penalty up to 75% of the underpayment of tax attributable to the fraud in addition to the taxes owed

    • Criminal convictions may result in fines up to $250,000 and/or up to five years in prison for each offense

  • Taxpayers are responsible for payment of their taxes as set forth by Congress regardless of who prepares their return

IRS Issues Warning

Income cannot be shifted to another entity for tax purposes and must be reported by the individual who earned it. In addition, personal living expenses which were not deductible prior to the creation of a trust are not deductible by virtue of assignment of assets and income to a trust. No matter how carefully the trust documents are drafted, if the intent of the trust is to avoid taxes, the trust will be treated as a sham.

In April 1997, the Internal Revenue Service issued Notice 97-24 and Information Release 97-19 warning taxpayers to avoid abusive trust schemes that promise bogus tax benefits, and to take steps to correct past participation in such trusts.

DANGER ALERT:  


We could not say enough about the electronic ecurrency exchange merchant program, so we put up another website dedicated to the future of global ecurrency (electronic currency) and the ecurrency exchange merchant business opportunity program. This is by far the most powerful money making system we have ever seen. By the amount of time it takes to learn, it is also the most "realistic" opportunity we have ever seen. It is well worth spending the 30 days to learn this system.


 

The ecurrency exchange merchant opportunity is not really a "get-rich-quick" program which is why we gave it our five star rating.

 If you have any questions please visit our ecurrency website called http://www.ecurrency.tv and join our mentoring group where you will avoid the pitfalls that we spent years collectively learning. Call us at 608-254-7070 and ask to speak to Leroy, Russell or Jean. Leroy runs our Ecurrency Merchant Exchange business full time.



We have the most powerful Ecurrency Merchant Trading "Online VideoTraining" mentorship programs on the market. You will also have access to real people not just automated videos and "fly by night" Camtasia tutorials. The folks you will meet learning this system you will know for many years.

When you buy our start up training package, it is only the beginning.  You will learn in DAYS what it has taken some of us YEARS to learn. You will not find a more skilled, concise, or educated Ecurrency Merchant Exchange think-tank mentoring system on the web!

We can't wait to meet you and get started!



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