Monday, December 23, 2002

A Word About Those Self-Help Books...

Jerome Schneider and his partner, LA attorney Eric Witmeyer, wrote a book entitled "Hiding Your Money" and hosted "wealth summits" to teach clients how to hide their assets in offshore banks. Schneider's lawyer, not Witmeyer, said his client told people the offshore banks that would be created to hide the wealth should not be used for tax evasion.

Alas, some of Schneider's clients allegedly cheated on their taxes. Now Schneider and Witmeyer are charged with conspiracy to defraud the IRS, wire fraud and mail fraud.

They are facing 115 years in prison, which may give them plenty of time to think about the sequel, "How to Hide Your Money And Not Get Caught."

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