Tuesday, February 5, 2008

Time to join together

After being involved with this matter for almost a year, I am convinced that individual contact with the receivership through VSI or the courts is unworkable. Therefore, I am going to construct a website for interested MBC Investors: to act as a forum location, to locate investor partners (I have already found three), to assist investors in tracking payments, and to provide a more powerful voice. I also think that as a group, we may be able to improve our working relationship with VSI and the receivership. It should be obvious to everyone that the term of this receivership will be many years. The duty of the receivership has been defined by law. The duty of our group is to hold them accountable.

If anyone has any interest, questions, or suggestions, please do not hesitate to contact me.

Larry N. Scartz
13621 Jefferson Davis Hwy
Woodbridge, VA 22191
703-494-4181
Larry.scartz@scartz.com

3 comments:

JK Harris 165 Services said...

Maybe we have a place for some of you to congregate

Here is a link from one of the local news channels who are picking up the story:

http://www.wcjb. com/index. php?cat_id= 4006&url_news4006= http%3A%2F% 2Fwww.wcjb. com%2Fmodules% 2FNews%2Fdisplay News.php% 3Fid%3D1983&formFocus=news4006

JK Harris 165 Services is also hosting a seminar on February 27th in Altamonte Springs, FL (the first was in Tampa in November)--- we would have invited all of the Mutual Benefits investors, but unfortunately, we don't know who they are---perhaps you could send this along to those you are aware of.

Call 1-800-830-7617 (ext. 229 for Steve Mead) or simply dial "zero" and someone will accept your RSVP. If you act quickly we can probably get the actual invitation mailed to you in time for a review.

We've invited the Governor and other Florida State Officials that would have influence. We've invited the IRS, Receivers, Bankruptcy Experts, Tax Experts, Fraud Experts, etc.

Here is an opportunity for injured investors to get "up close and personal" with those in the 165 "industry". No fees, no obligations; your tax professional (who will likely be too busy) is invited to attend as well.

Of the 1500 injured investors we've assisted over the last 7 years, many of them called the IRS and were told this couldn't be done. We fully expect the IRS to review these claims---that' s the thrust of our expertise--- and it is the number one reason most tax professionals will not take this deduction.

Whether good or bad, a continuing dialogue on the matter is better than none.

Regards,

Steve Mead
Senior Consultant
JK Harris 165 Services
1-800-830-7617
smead@165services. com
www.165services. com

Cathy C said...

We are so lucky to have you Larry, looking after all of us as well as your parents. This all seemed like such a simple and easy way for me (a single working woman) to invest money that I worked so hard for and lost in the market (like everyone else.) Needless to say, it turned out to be a nightmare and each year I need to find money to maintain these policies. I must admit, I do not understand a lot of what is going on and when I get a letter telling me I have to pay, short of contacting a lawyer and investing more money for counsel, I just go ahead and pay. I have my money invested in IRAs and if they are not reporting the money, don't understand why I have to rollover these funds. Investing my money in anything has left a sour taste in my mouth. Larry, thanks for fighting the fight. Don't know what we would do without you. You are our "Norma Rae".

cpadjm said...

My parents invested almost $200K in 10 different policies in the late 90's. The decided not to keep the policies. In January of 2010, as part of the settlement, my mother received checks totaling $42K as her return. Some of these were invested with IRA money. Not a smart investment decision. She was lucky though to get some of her money back. However, now I am trying to prepare her tax return and we never received any tax documents. We have know idea who to list as the "payer" or what federal id# to use. Anyone have any suggestions?