He somehow skated by while defrauding the naive about trading...not only collecting big fees, but causing them to lose a whole lot of money. Looks like the IRS is extracting some measure of justice.
Wade Cook made millions of dollars in the 1990s selling tax tips and investment strategies to individual investors.
Cook's financial schemes produced far more negative returns Thursday when a federal judge sentenced him to seven years and four months in prison for repeatedly defrauding the IRS.
U.S. District Judge Thomas Zilly also ordered Cook, 57, to pay $3.75 million in back taxes on roughly $9.5 million of underreported income generated by sales of Cook's books, tapes and seminars.
http://seattletimes....syndication=rss
Couldn't happen..
Started by
SimpleTone
, Aug 04 2007 11:01 PM
2 replies to this topic
#2
JAP
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- Traders-Talk User
- 575 posts
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Posted 05 August 2007 - 09:50 AM
He somehow skated by while defrauding the naive about trading...not only collecting big fees, but causing them to lose a whole lot of money. Looks like the IRS is extracting some measure of justice.
Wade Cook made millions of dollars in the 1990s selling tax tips and investment strategies to individual investors.
Cook's financial schemes produced far more negative returns Thursday when a federal judge sentenced him to seven years and four months in prison for repeatedly defrauding the IRS.
U.S. District Judge Thomas Zilly also ordered Cook, 57, to pay $3.75 million in back taxes on roughly $9.5 million of underreported income generated by sales of Cook's books, tapes and seminars.
http://seattletimes....syndication=rss
The phrase "Cooked the books" is very appropriate in this circumstance
#3
SimpleTone
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- Traders-Talk User
- 179 posts
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Posted 06 August 2007 - 01:23 AM
he isn't named wade croook for nothing.
there are radio gurus ...I'll call them the ~equities physicians~ *wink*. They were pushing some high interest mortgage backed securities to folks a year or so ago. I wonder how that is working out for people. 
