The FTX fraud was a Ponzi scheme and losses from Ponzi schemes are acknowledged by the I.R.S to be “theft losses”. They are deductible from a taxpayer’s ordinary income. The theft loss tax deduction is an extremely valuable tax deduction …
BOCA RATON, FL – Investors still stinging from the high-profile collapse of cryptocurrency trading giant FTX may be able to get back some of their tax dollars paid on lost investments. FTX, which made crypto trading accessible to everyday investors …
FTX Crypto Fraud Victims Could Qualify For Tax Refunds Read more »
REPORT No. 2: FTX and Sam Bankman-Fried Fraud By Richard S. Lehman, United States tax Attorney Introduction Report No. 1 introduced the reader to a key phrase. The phrase is a reasonable prospect of recovery. This phrase determines whether a …
REPORT 2 in the FTX, Sam Bankman-Fried, Alameda Research, Fraud Read more »
The following is Report No. 1 in what is intended to be a series of reports focusing on the tax benefits available as a result of the FTX fraud. These Reports are not intended to be and can not serve as legal …