Final Judgment and Permanent Injunction—the Tax Division of the U.S. Department of Justice was after Mr. Sunderlage and his companies.
On February 28, 2012, John Darrah, U.S. District Judge, signed a final order and permanent injunction with the agreement and approval of Mr. Sunderlage. The injunction is what’s really interesting. It bars Mr. Sunderlage from promoting, selling, acting as trustee or administrator for, or otherwise organizing, administering, or implementing:
-the PBT Multiple Employer 419 Plan and/or the Maven Structure described in the complaint.
-any plan or arrangement that is similar to the PBT Multiple Employer 419 Plan and/or the Maven Structure, including any plan or arrangement that claims to be a welfare benefit plan or to allow an employer to make a deductible contribution to a welfare benefit fund under I.R.C. Section 419 and/or I.R.C Section 419A.
-any plan that assists others to violate or attempt to violate the internal revenue laws or unlawfully evading the assessment or collection of one’s federal tax liabilities.
The above are just three of the restrictions that Mr. Sunderlage agreed to. There are three more; but for the sake of brevity, I’ve listed the above which should get my point across.
Complaint below:
What can we learn from the crashing and burning of 419 plans?
Tracy L Sunderlage
ReplyDeleteCourt Illinois Northern - Chicago Bankruptcy Court
Chapter 11
Judge Eugene R Wedoff
Case # 1:11-bk-37690
Filed Aug 12, 2011
Creditor 341 Mtg May 14, 2012
Claims Deadline May 28, 2013
Converted Jan 24, 2012
Discharge Objection Deadline May 14, 2013
Docket
Debtor
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last updated: Mon 02/25 9:23 PM EST
Friday, August 12, 2011
1 Chapter 11 Voluntary Petition Fee Amount $1039, Filed by Bradley T Koch on behalf of Tracy L Sunderlage (Koch, Bradley)
2 Certificate of Credit Counseling Filed by Bradley T Koch on behalf of Tracy L Sunderlage. (Koch, Bradley)
3 20 Largest Unsecured Creditors Filed by Bradley T Koch on behalf of Tracy L Sunderlage. (Koch, Bradley)
4 Declaration Re: Electronic Filing Filed by Bradley T Koch on behalf of Tracy L Sunderlage. (Koch, Bradley)
5 Statement of Social Security Number(s) Filed by Bradley T Koch on behalf of Tracy L Sunderlage. (Koch, Bradley)
6 Receipt of Voluntary Petition (Chapter 11) 11-83571 [misc,volp11a] (1039.00) Filing Fee. Receipt number 17820100. Fee Amount $1039.00 (U.S. Treasury)