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or “The Tax Relief System”, was a fraudulent “home-based”
business package designed to sell tax deductions of personal
expenses through misleading representations regarding tax return
preparation, tax advice, and alleged audit protection. Those who
purchased this product were called Independent Marketing
Associates (IMA). IMAs earned commissions by recruiting others
to join Renaissance.
Renaissance was an illegal pyramid scheme and in 2001 was
permanently enjoined from conducting business and selling its
product. Mr. Cooper and other Renaissance leaders currently face
Federal criminal charges including conspiracy to defraud the
Internal Revenue Service, assisting in the preparation of false
tax returns, mail fraud, wire fraud, and money laundering, all
stemming from their involvement in Renaissance. Petitioner does
not dispute these facts.
Petitioner operated his own insurance business as a sole
proprietor, and petitioner Ka Moua worked as a secretary for a
healthcare corporation.5 Petitioner became involved with
Renaissance as an IMA in 1999, and continued his relationship
4(...continued)
investments. The plan will succeed until the amount of money
going out of the program to payoff early investors exceeds the
amount of funds coming into the program from later investors, at
which time the entire program will collapse.
5 Petitioner Ka Moua was not involved with the
Renaissance activity.
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Last modified: May 25, 2011