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#1
02-14-2007, 02:37 PM
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Dont worry about Frozen Funds. Worry about Forensic Accountants
Everyone is bitching about their frozen Neteller funds. But this is not the big problem. The big problem is that the feds are using FORENSIC accountants to go over all the records Neteller has just handed them on a silver platter. Your records. Do you know when forensic accounting is used by the government? When they plan to file CRIMINAL charges. The forensic accountants the government is using on Neteller accounts are there to find any funds you have not reported to Uncle Sam, so they can nail you with CRIMINAL charges. Do not confuse this with a standard audit. With a standard audit, if the IRS nabs you for underreporting, you pay what you owe plus a penality--and usually(unless you really screwed them)--that is it. But Neteller is much different. It deals with hiding money overseas from the US government and many other issues. Here they can nail you with a variety of CRIMINAL charges too cumbersome and varied to cover (money laundering and international fraud are only a few). This is why they are using FORENSIC accountants and also why you should be much more worried about what they will find in your Neteller records and what they are going to do to you with this information. Frozen funds are a joke compared to this.
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#2
02-14-2007, 02:41 PM
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Re: Dont worry about Frozen Funds. Worry about Forensic Accountants
What field of expertise do you work in to back up your claim?
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#6
02-14-2007, 03:29 PM
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DON\'T WORRY ABOUT FORENSIC ACCOUNTANTS
Why would the government spend millions on forensic accounting?
It would cost like $10M to recover $55M of funds. Even if they could recover, since that money is not necessarily income. It's just not worth it for Uncle Sam. That's what the IRS is for, which is still not worth it for Uncle Sam.
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#8
02-14-2007, 03:54 PM
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Re: DON\'T WORRY ABOUT FORENSIC ACCOUNTANTS
From what Ive read, the government is using forensic accountants to look at records. What records is not known. What they plan to do with the reocrds is not known.
They may be looking at Neteller records as it relates to money laundering. They may be trying to make sure Americans get their money back and NT doesnt try to steal money. They may turn records over to the IRS. Its all just speculation. This much I do know. The word "forensic" DOES NOT mean they are planning on filing criminal charges. It means the records are being looked at in relation to some sort of investigation. Whether or not that leads to charges being filed on someone could never be known until the investigation is over. I really doubt these accountants are going to go over 2.5 million US members' accounts with a fine tooth comb, but as someone else said, pay your taxes and you dont have to worry about what they are looking into.
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#9
02-14-2007, 04:36 PM
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Re: DON\'T WORRY ABOUT FORENSIC ACCOUNTANTS
[ QUOTE ]
Why would the government spend millions on forensic accounting? It would cost like $10M to recover $55M of funds. Even if they could recover, since that money is not necessarily income. It's just not worth it for Uncle Sam. That's what the IRS is for, which is still not worth it for Uncle Sam. [/ QUOTE ] The government has no problem spending money as a precursor to filing criminal charges. Essentially all criminal prosecutions are massively -$ for the government, and they do it anyways because that's what the law says to do. Lots of people are going to court over this - money laundering, fraud, and RICO charges are on the horizon.
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#10
02-14-2007, 05:07 PM
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Re: Dont worry about Frozen Funds. Worry about Forensic Accountants
[ QUOTE ]
OP, As a 16 year police officer, let me say this to you. You are a moron. [/ QUOTE ] I am not saying OP is right, but what does this have anything to do with the OP? You being a police officer I wouldnt think would give you inside info on how forensic accounting is used by the federal government.
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