All Forum Posts by: David Pimenov

What happened was this ms/mrs gerardo.  Someone in the u.s. traveled to the middle east, dubai to be exact.  There they met with accountants and lawyers who work with offshore banks.  The accountants and lawyers told them to spend a year living and working in dubai and after that they could enjoy their money but they needed to cash out all of their money in dubai...  after they cash out 1.4 or 1.6 billion usd they need to declare such money back in the u.s. and subsequently pay taxes.  But then how could these very same lawyers and accountants help that clients money legitimize?  How could they make such amount of money clean and legitimate as for the client not to have any problems when declaring such amount back home in the u.s.?  How could such personnel help out to make such money as genuine?  

If a u.s. citizen lived and worked in dubai for only one year and then cashed out like 1.4 or 1.6 billion usd even if such money was clean and legitimate, would this amount arouse suspicion once back in the u.s.?  Up to what point would u.s. authorities investigate such origin of funds?  How good are u.s. money laundering laws even if such amount of usd is legitimate?  

Well i dont exactly have the money right now but only after being a year in dubai when i can with absolute certainty claim the 1.4 billion usd, so for right now its just hypothetical...  rsvp.

Well im gonna be HONEST in this case because it wont do me any good to lie to you.  I was born in california but moved in 2006 to houston, tx.  Im 42 going on 43 since my birthday is in december.  I was on a website called offshorecorptalk.com where i met an associate of bank owners who has an office in dubai.  I told him that i have a lot of money and told me that i have to be in dubai for at least one year approximately to "do the rounds" before i can return back to the u.s., which at that point the associate told me the money has to be declared which would be 1.4 billion usd.  Source of the money would be offshore banking/oil business so to speak.  He told me that initially i would have to pay about 40% in taxes.  It would leave 840 million, which i would like to deposit 100 million in a chase bank account so i can access via debit card but not with the intention of accruing interest $$$.  The remaining money i would like to deposit in either a fidelity, t. rowe price, vanguard, or blackrock mutual funds diversified portfolio investment account.  Now do you need more information in order to determine if i will pay little, a lot, or so so in further taxes to the irs since initially i would have to pay 560 million usd in high income earner taxes to uncle sam?  What do you think mr. ?

Just generally speaking how much in taxes would someone living in houston, tx have to pay uncle sam if they have about 100 million usd deposited in a chase bank account even if its not for the purpose of accruing interest $$$?  What if they have about almost 750 million usd in a fidelity mutual funds account assuming its a diversified portfolio structured investment?  Even if in both cases the money is just "sitting there", how much might they have to pay in taxes to the irs?