"Larry Williams is charged with creating false documents and using multiple bank accounts to evade his huge tax bill." This is not an audit , this is fraud. When they snatch you from another country they have a warrant for your arrest signed by a judge, a criminal warrant. They had to show cause that he would not return and has moved assets offshore. There is no statute of limitations here and he is a criminal, his passport will be consficated and he will not be able to leave the country through legitimate means. If he does he is a fugitive. His name will go on a list with known criminals. In IRS cases you are guilty until you can prove you are not. The burden is on the defendant. If his offshore partner is hiding money and it is multiple instances they will get him under a Ricco statute of ongoing criminal enterprise.
He may do a Skase if the fraud charges are thrown at him. He looks good for a 64 year old. He's actually staying not far from where I live - anybody have his contact?
I will take care of his daughter for him. <a href="http://tinypic.com"><img src="http://i4.tinypic.com/10gjl9j.jpg" border="0" alt="Image and video hosting by TinyPic"></a>
That's what I'm saying - she's probably in the next hotel room as I type comforting daddy in his hour of need.
This is a real shock. I've met Larry and he is a nice guy. I am not usually one for trading gurus or their products, but I must admit that his lectures had an unusually high level of integrity.
I think that, in civil cases, the burden is usually, but not always, on the taxpayer. In criminal cases, I think the burden is always on the government.
checking in from the beach, saw this thread--thought comment was needed: I also have met and spoken with LW at length. like student, i am generally down on vendors and trading gurus--however, LW appeared legit and honest to me. however, i don't have any idea, nor do i care, how he handled his tax obligations. the IRS is certainly not someone to mess with and a hard lesson may be pending for LW. irregardless, LW's ability as a trader and his superior skill at teaching same, have nothing to do with the supposed IRS situation. true or not true--LW remains a skilled educator of the markets. may the full truth come to light soon. best, surfer
I have to disagree with marketsurfer. Fraud is a serious matter. Most people are not willing to crate new documents to cheat another or the IRS. Morally you know that is a line you are not willing to cross. With respect to the IRS, you know creating false documents is not going to be tolerated. I think that to create false documents you are either a pychopath or you are so acustomed to lying and being deceitful that this is just one tiny little step further. Either way creating false documents goes to the core of persons integrity. Surf I barely no you, but you have the balls to showup when your positions go against. I would be that a person who has that kind of character could never bring themselves to commit fraud on the IRS. Consquently, surf o.k. LW - slime.