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NORTH PLATTE, NEBRASKA: DEN OF TAX INIQUITY

September 25, 2007

Does North Platte have a good country club? If not, they should get one to keep their medical professionals off the streets and out of trouble.

Back in April a tax indictment alleged the existence of a cell of doctors in North Platte who evaded taxes using sham 'real estate and forestry corporations."

Now Russ Fox reveals the story of a retired North Platte dentist who has pleaded guilty to tax charges arising from what appears to be a Ponzi scheme involving banks from Gothenberg, Nebraska to Grenada:

According to the indictment, Miller solicited investors for purported high yield investment programs through the offshore bank, conducted seminars and mailed solicitations to potential investors promoting offshore banking and investing. He requested investments of $100,000.

...

The indictment said Miller provided false account statements showing earnings from $700 to $4,000 per certificate per month. Investments from some investors plus credit and debit cards were used as lulling payments to forestall investors and trick them into believing their investment was viable and earning interest.

The moral? This may be hard to believe, but when a retired dentist from rural Nebraska promises to invest your money in safe investments offering a 4% monthly return, there are reasons to be skeptical.

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