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Scams

Jay: The unincorporated business trust organization (UBTO) which is commonly known as a “Pure Trust” is a WELL known scam, see http://www.quatloos.com/taxscams/contrusts.htm.

If you follow their strategy at least as it relates to UBTO’s you will find the route to Club Fed relatively short. Is a three-year prison term and being branded as a felon worth saving a few bucks in taxes via a strategy that has failed every single time it has been attempted? You decide.

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