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from Aegis. Mr. Richardson took a 3-day training course from
Mr. Bartoli of Aegis in connection with these activities. The
record contains several examples from the 1998 to 1999 time
period of announcements for trust workshops that reflect the
nature of Mr. Richardson’s promotional efforts in this regard.
For instance, in a 1999 letter addressed to agents working
for State Farm Insurance encouraging them to attend workshops
scheduled for New Orleans, Louisiana; and Mobile, Alabama;
Mr. Richardson introduced himself and his business as set forth
below:
My name is Homer Richardson, and for the past five
years, as a representative of the Aegis Company, I have
been conducting workshops throughout the country
teaching State Farm Agents, doctors, dentists, and
other self employed individuals, how to protect their
assets from lawsuit judgments and dramatically reduce
their income taxes.
This workshop is not open to the general public and is
by invitation only. We teach self employed individuals
how to operate a business using a special kind of
trust. This special trust is a business device that
has several names. It has been referred to as a Blind
Trust, an Unincorporated Business Organization, a
Contractual Business Organization, and a Common Law
Business Organization, just to name a few. We refer to
this special trust as a CBO. However, the IRS refers
to all of these entities as Business Trusts.
This and similar announcements for the introductory workshop
directed toward self-employed professionals consistently tout as
benefits of the business trust system the ability to: Legally
reduce Federal and State income taxes “70% or More”; eliminate
Federal estate taxes no matter the size of the estate; sell a
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