How Can You Help a Client
Who Is a Victim of
a Fraudulent Investment Scheme?
Many more people than you may think fall victim to fraudulent investment schemes. (Just watch CNBC’s American Greed or read the SEC’s over 60 enforcement actions against Ponzi schemes in just the past few years!)
When a client comes in who has suffered significant investment scheme losses, what can you do to help them get a god chunk of it back? (And become a “hero” to them in the process!)
Join us and Robert Keebler, CPA/PFS, MST, AEP, for a 90-minute program, entitled “How to Handle Investment Theft Losses”, where he will address:
- Possible recovery through the legal system
- Bankruptcy court upon liquidation of the investment company
- Insurance under SIPC
- Use of the IRC Section 165 Theft Loss Deduction, the often more effective alternative (or in conjunction with the above):
- What kinds of fraudulent investment schemes qualify?
- Is the loss a theft loss or capital loss?
- Is it subject to 165 loss limitations or limitations on itemized deductions?
- When is the loss deemed to have occurred and in which year is it deductible?
- What is the correct amount of the loss that can be claimed?
- Can the loss create an NOL (and how far can it be carried back)?
- Can refunds be obtained for years otherwise closed by the statute of limitations?