• IRS Guidance to Help Ponzi scheme Victims
  • April 3, 2009 | Author: Ivy J. Lapides
  • Law Firm: Greenberg Traurig, LLP - New York Office
  • The Internal Revenue Service (IRS) recently issued Revenue Procedure 2009-20, which provides an optional safe harbor that "qualified investors" can use to deduct theft losses incurred in connection with a so-called Ponzi scheme.