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June 6, 2018

Posted  June 7, 2018

Utah financial advisor Henry Brock was sentenced to 72 months in prison for marketing and selling fraudulent a tax-avoidance and investment strategy to clients, and causing his clients to file false tax returns; over an eight year period, Brock promised investors his “IRA Exit Strategy” would allow them to avoid paying tax on IRA withdrawals. The scheme caused investors to lose over $10 million, and resulted in more than $1 million in tax losses. USAO DUT

Tagged in: Tax Fraud,