Mark Gorton, (America's answer to Richard Branson) founder of Lime Brokerage, just lost about $100m to the RIAA because of his company Lime Wire. He was warned this could happen. link: http://news.cnet.com/8301-31001_3-20062418-261.html "They noted he possessed $100 million in an IRA account." Every news article I've seen says the same thing. $100m IRA. How does one get so much money in an IRA account? I thought there was a very low limit to the amount of money someone can put into an IRA every year. My first thought is that he might have fed trades from his taxable accounts into his IRA account as a way to avoid paying taxes (that way the taxable account looks like a huge loser, and the IRA is a huge, tax free, winner). Is there a much easier, legal way to get such a large IRA? $100m IRA sounds extremely shady to me. What am I missing? Or is this just another case of inaccurate reporting?