“In the 28 years I’ve worked in the offshore investment arena, I thought I’d heard every possible piece of bad advice clients could get.  But one came up recently that takes the cake.  It’s possible that non-Americans who create such a structure might legally avoid tax liabilities in their home countries. It’s equally possible that Roy thought he could make a killing at Mindy and Ralph’s expense. One thing is for sure. There are a lot of Roys in the offshore world. In the end, it doesn’t matter whether they’re acting out of ignorance or greed. The end result is the same – Roy earns a hefty commission, and the American clients who take his advice get screwed to the wall.”

http://www.nestmann.com/too-good-to-be-true

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