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Shocker: Hollywood Leftists Hid Millions of Dollars from the IRS
National Review ^ | June 22, 2011 | Greg Pollowitz

Posted on 06/22/2011 4:20:29 PM PDT by Qbert

Radar Online is reporting that a bunch of Hollywood’s elite are being sued in connection with their participation in high-stakes poker games. The civil complaint alleges that the money won by said Hollywood elite was actually money stolen by a hedge-fund manager from his clients to pay off his enormous gambling debts. According to the report, Toby “Spider-Man” Maguire was the big winner making $1,000,000 a month in winnings.

Interesting. Maybe the next time Maguire is in D.C. for a photo-op with President Obama, he can explain to the president why he’s exempt from paying his fair share of taxes on the winnings — you know, to spread the wealth — or stop by the I.R.S. and drop off a check.


TOPICS: Culture/Society; Extended News; News/Current Events; US: California
KEYWORDS: affleck; alexgores; cassavetes; corruption; damon; democrats; dicaprio; fraud; gambling; hollywood; illegalgambling; illegalpoker; irs; kaplan; leftists; leibel; liberals; limolibs; maguire; poker; ruderman; salomon; sasson; taxcheatparty; taxcheats; taxes; tobymaguire
It's too bad these Hollywood leftists want autistic children to fend for their own health care in a bankrupt country while they cheat on their taxes and hoard millions of dollars...
1 posted on 06/22/2011 4:20:35 PM PDT by Qbert
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To: Qbert

Taxes are you but not for them.


2 posted on 06/22/2011 4:21:39 PM PDT by NoLibZone (Impeach Obama for among other things , violating the War Powers Act.)
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To: Qbert

Taxes are for you but not for them.


3 posted on 06/22/2011 4:22:23 PM PDT by NoLibZone (Impeach Obama for among other things , violating the War Powers Act.)
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To: Qbert
"Maguire won as much as $1 million a month over a period of three years, one source told Star, which is on newsstands Wednesday."
4 posted on 06/22/2011 4:24:06 PM PDT by Beaten Valve
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To: Qbert

Toby “Spider-Man” Maguire

5 posted on 06/22/2011 4:27:15 PM PDT by Dr. Scarpetta
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To: Qbert

Obama won’t care. He thinks of it as money well spent to promote his re-election. He knows Toby will toe the ideological line and influence the next generation.


6 posted on 06/22/2011 4:29:40 PM PDT by JoanVarga (I aim to misbehave.)
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To: Qbert

Leftists are always for increasing taxes. Why? Because they figure it won’t impact their wallets....
since they don’t pay their fair share anyway.


7 posted on 06/22/2011 4:31:10 PM PDT by XenaLee (The only good commie is a dead commie.)
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To: Dr. Scarpetta

With great cards on the river, comes great responsibility!


8 posted on 06/22/2011 4:33:32 PM PDT by aynrandfreak (Being a Democrat means never having to say you're sorry)
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To: JoanVarga

“Obama won’t care.”

I hope the IRS cares! We’re sinking fast, and we need that money!


9 posted on 06/22/2011 4:33:38 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Qbert

Taxes are only for the little people.


10 posted on 06/22/2011 4:35:10 PM PDT by dfwgator
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To: Qbert
The article says absolutely nothing about failure to pay tax on the winnings. If you click through to the documents this is a civil lawsuit in bankruptcy court. The perp ran a hedge fund but was convicted of criminal fraud for running a ponzi scheme and sent to prison. The bankruptcy trustee is trying to get the money back that the perp lost on the theory that it was investor money improperly transferred.

The suit is based on the fraudulent conveyance provisions of the Bankruptcy Code and California statutes, which can be pretty technical.

Now, it's entirely possible these guys didn't report it on tax returns, but we have no way of knowing that as they are not publicly available documents.

11 posted on 06/22/2011 4:37:15 PM PDT by colorado tanker
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To: Qbert

Obama is the IRS. The IRS is Obama.

He rules by fiat now.

He has subsumed all departments and agencies unto himself. Indeed, that is the danger of having departments and agencies. They are rogue, unelected satraps of sinecure. Whoever is signing their checks is their master.


12 posted on 06/22/2011 4:37:20 PM PDT by JoanVarga (I aim to misbehave.)
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To: aynrandfreak
With great cards on the river, comes great responsibility!

I liked Spiderman 1 and Tobey Maguire. I shouldn't be surprised by this article, but I am.

13 posted on 06/22/2011 4:38:09 PM PDT by Dr. Scarpetta
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To: Qbert
I hope the IRS cares!

I am sure The Won can just write another Executive Order and require the IRS to go "easy" on the Holly-weird idiots who make great leftist leaning movies or proper election donations!

I mean, he told ICE to ignore illegal aliens, so why not tell the IRS to ignore leftist actors?
14 posted on 06/22/2011 4:39:16 PM PDT by ExTxMarine (PRAYER: It's the only HOPE for real CHANGE in America!)
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To: Qbert

Hah, the guy and I use the same bank!

My bank officer handles a lot of these entertainment people. I’ll bet his head is spinning...

“Tobey Maguire once received a $69,200 check from convicted hedge fund manager Brad Ruderman — after Maguire allegedly STOMPED the guy during an illegal high stakes poker game back in 2007”

http://www.tmz.com/2011/06/22/tobey-maguire-poker-scandal-check-mate-joe-francis-brad-ruderman-girls-gone-wild/


15 posted on 06/22/2011 4:39:37 PM PDT by Beaten Valve
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To: colorado tanker

Ok, but do you honestly believe that they were reporting income from this?


16 posted on 06/22/2011 4:40:50 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Dr. Scarpetta
According to my Hollywood publicist friend, Toby is side very unlikable jacka@@ who loathes his fan base so they keep him away from microphones.
17 posted on 06/22/2011 4:42:08 PM PDT by ncalburt (NO MORE WIMPS need to apply to fight the Soros Funded Puppet !)
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To: ExTxMarine

“I am sure The Won can just write another Executive Order and require the IRS to go “easy” on the Holly-weird idiots who make great leftist leaning movies or proper election donations!”

Are you trying to tell me that the IRS- run by Turbo Tax Timmy- would do something like that? (/sarc)


18 posted on 06/22/2011 4:44:05 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Dr. Scarpetta

side = snide.

apparently ,he married well which gave him the big breaks.


19 posted on 06/22/2011 4:44:48 PM PDT by ncalburt (NO MORE WIMPS need to apply to fight the Soros Funded Puppet !)
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To: ncalburt

WOW! That’s shocking, considering all the little kids who like him.


20 posted on 06/22/2011 4:44:50 PM PDT by Dr. Scarpetta
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To: Beaten Valve
“Tobey Maguire once received a $69,200 check from convicted hedge fund manager Brad Ruderman — after Maguire allegedly STOMPED the guy during an illegal high stakes poker game back in 2007”

STOMPED?

21 posted on 06/22/2011 4:46:52 PM PDT by Dr. Scarpetta
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To: ncalburt
apparently,he married well which gave him the big breaks.

Might not work out well for her...

22 posted on 06/22/2011 4:48:04 PM PDT by Dr. Scarpetta
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To: Qbert
Are you trying to tell me that the IRS- run by Turbo Tax Timmy- would do something like that? (/sarc)

No, of course not!

But, some lowlife, no power, government-dweeb running the IRS agency out of Phoenix may approve something illegal and off kilter such as this!
23 posted on 06/22/2011 4:49:21 PM PDT by ExTxMarine (PRAYER: It's the only HOPE for real CHANGE in America!)
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To: Qbert
I assume most people don't report illegal gambling winnings on their tax return, but the smart ones should. The IRS would have no way of knowing from the tax return if the winnings were from illegal activities and wouldn't care anyway.

For example, IRS will go after madames and prostitutes for tax evasion, but it turns out the smart ones actually report the income.

24 posted on 06/22/2011 4:55:33 PM PDT by colorado tanker
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To: colorado tanker

California is looking for every penny it can get.

Won’t be long before all of these people get an audit notice...


25 posted on 06/22/2011 5:03:52 PM PDT by Beaten Valve
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To: Beaten Valve
Won’t be long before all of these people get an audit notice...

We'll find out if they told their accountants everything won't we!

26 posted on 06/22/2011 5:08:25 PM PDT by colorado tanker
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To: Qbert

Worked in hollwlywood some years back for diffrent studios...the standing joke as it relate to reporting money made is....is no one ever made a dime in hollywood....


27 posted on 06/22/2011 5:20:53 PM PDT by tophat9000 (Global Warming, undeniable truth; Obama, infallible genius; Apple perfect, invented everything)
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To: tophat9000
I remember some years back, Art Buchwald took Paramount Pictures to court, making a claim against earnings from the movie Coming to America. Paramount fought him with everything they had, and lost. At that point they claimed the movie, which they had already boasted had grossed in excess of $280 million, had made no net profit.

They eventually settled with Buchwald for "an undisclosed amount." Buchwald was, by that time, on his death bed.

28 posted on 06/22/2011 5:32:08 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: Dr. Scarpetta
http://en.wikipedia.org/wiki/Jennifer_Meyer

His wife's father is the coo of universal.

My friend spends half her day spinning to the press the obnoxious stuff these hollywood people let slip out of their mouths.

She could write quite a book on her clients.

29 posted on 06/22/2011 5:33:05 PM PDT by ncalburt (NO MORE WIMPS need to apply to fight the Soros Funded Puppet !)
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To: Qbert

But... but... but... aren’t these the people who blather about they’d “be happy to pay more taxes”?

There’s nothing to prevent them from whipping out their checkbooks and writing humongous checks to the IRS if they’d be so damn happy to do so. Now we find out that they’re cheating the IRS. I’m shocked, I tell you... shocked!


30 posted on 06/22/2011 5:39:01 PM PDT by MayflowerMadam
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To: ncalburt

I went to her jewelry website. If you click on her jewelry ‘Collections,’ they want your password.

http://www.jennifermeyerjewelry.com/index.html


31 posted on 06/22/2011 5:45:35 PM PDT by Dr. Scarpetta
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To: Steely Tom

Yea that the hollywood game...


32 posted on 06/22/2011 6:12:46 PM PDT by tophat9000 (Global Warming, undeniable truth; Obama, infallible genius; Apple perfect, invented everything)
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To: Qbert

>>> Hollywood Leftists Hid Millions of Dollars from the IRS

I don’t see in the article where they inspected the pertinent tax returns. How do they actually know taxes weren’t paid?

Probably didn’t of course. Left wing politics or right wing politics, I haven’t heard of many people paying taxes on winnings or claiming the losses on private card games. Do you ?


33 posted on 06/23/2011 12:28:39 AM PDT by tlb
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To: stephenjohnbanker; Condor51; rabscuttle385; sickoflibs; KentTrappedInLiberalSeattle; CutePuppy; ...
LET US COUNT THE WAYS LEFTIES CHEAT THE IRS keep in mind, these are practiced connivers playing all the angles.

<><> Buying huge amounts of casino chips--they are untraceable--can be easily cashed in--or used to gamble.

<><> Proceeds from gambling are deposited in a super-secret LLC account linked to a film company credit card. The tax cheaters could then direct the bank to transfer the money to the film company credit card. That way the gambler could keep his winnings secret and still have his personal expenses, ATM withdrawals and other expenditures covered…..and nobody would have to know gambling was involved.

<><> Money Laundering Techniques: (1) Underground, unregulated banking services (common in ethnic communities), (2) offshore "investments," (3) offshore banking, (4) monies wire-transferred to friends and/or family members living in offshore banking havens.

<><> There was a huge scandal in Hollywood years ago----the FBI was investigating these “friendly” poker games that the organizers "fixed."

=====================================

WERE THEY USING THE MADOFF MO? : Madoff was running simultaneous scams:

(1) a tax evasion scheme for wealthy businessmen ("losing" money is a tax write-off;

(2) a money laundering scam;

(3) a protection racket for affinity groups,

(4) aiding and abetting wealthy tax-exempt groups to evade US banking laws and the IRS.

(5) hiding money for wealthy businessmen some of which was used for campaign donations (FEC fraud), and IRS fraud.

The court-appointed trustee tracing Madoff's assets found a super-secret labyrinth of interrelated international funds, institutions and financial entities of almost unparalleled complexity and breadth......with assets and businesses in multiple places overseas that hid thievery, money laundering and tax evasion.

34 posted on 06/23/2011 5:24:25 AM PDT by Liz ( A taxpayer voting for Obama is like a chicken voting for Col Sanders.)
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To: ncalburt

“According to my Hollywood publicist friend, Toby is side very unlikable jacka@@ who loathes his fan base so they keep him away from microphones. “

___________________________________________________

Really? That’s a shame. I always liked him. I’ve written a novel that I was turning into a screenplay, and in my fantasy, he plays the lead male character. Oh well. :)


35 posted on 06/23/2011 5:41:22 AM PDT by proud American in Canada (To paraphrase Sarah Palin: "I love when the liberals get all wee-wee'd up.")
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To: ncalburt

“According to my Hollywood publicist friend, Toby is side very unlikable jacka@@ who loathes his fan base so they keep him away from microphones. “

___________________________________________________

Really? That’s a shame. I always liked him. I’ve written a novel that I was turning into a screenplay, and in my fantasy, he plays the lead male character. Oh well. :)


36 posted on 06/23/2011 5:41:26 AM PDT by proud American in Canada (To paraphrase Sarah Palin: "I love when the liberals get all wee-wee'd up.")
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To: Liz; colorado tanker; Qbert
The perp ran a hedge fund but was convicted of criminal fraud for running a ponzi scheme and sent to prison. The bankruptcy trustee is trying to get the money back that the perp lost on the theory that it was investor money improperly transferred.

The suit is based on the fraudulent conveyance provisions of the Bankruptcy Code and California statutes, which can be pretty technical.

-----

The court-appointed trustee tracing Madoff's assets found a super-secret labyrinth of interrelated international funds, institutions and financial entities of almost unparalleled complexity and breadth...

Yes, this is purely a civil "clawback" recovery claim, without any IRS tax claims or allegations of illegal means involved on the part of the eventual / final recipients of ill-gotten gains by Ruderman. If IRS and/or FBI are interested in the case they will have to have separate investigations and/or cases - the "clawback" doesn't rely or concern itself with the legality or illegality of the chain or final acquisition of the original "fruit of illegal gain".

In the past, several highly public cases of expensive artworks acquired by well-known people (reportedly, Bill Gates, Tom Hanks, etc. Art, Restored - Forbes, by David Armstrong, 2007 December 27) turned out to have been stolen and sold, so they were returned to their legitimate owners without recompense to end-buyers, but without any allegation of fraud, conspiracy or intent to defraud by the end-buyers of stolen art.

That's the biggest problem with Madoff's case trustee Irving Picard trying to "prove" and extract money from the banks and some other defendants (like the Mets owners) by suing them on the basis that they "had to know that Madoff was running illegal scheme" - that basis maybe the case for FBI (if he wants to share his "proof" of that) but it's irrelevant for the "clawback" statute so he still would not get any money for his "clawback" class on this basis and the [potential] lawsuit of wrongdoing would not belong in the bankruptcy court.

Picard at this point is really a glorified accountant, being handsomely paid (at a rate of $697.50 per hour, or at a "discounted" rate of $510 per hour when "outsourced" to Alan Nisslson of Windels Marx Lane & Mittendorf) for playing a Perry Mason and is just trying to make himself look good in the eyes of the class while padding his billable hours with these irrelevant lawsuits and ridiculous public relations media campaign. Trying to "scare" opposing lawyers into settlements by accusing their clients of "knowledge of wrongdoing" and by "flashing" large "punitive" numbers in a lawsuit is not going to fly at that level, it only makes him a self-serving laughingstock who is profiting at the expense of his class.

From Tobey Maguire, Billionaire Alec Gores Being Sued For Poker Winnings From Jailed Ponzi Schemer - Forbes blog, by Chris Barth, 2011 June 22


37 posted on 06/23/2011 1:20:08 PM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy

Trustees in these big fraud cases always wear a very public white hat claiming they are coming to the rescue of the investors by suing everyone in sight. Meanwhile, they and their lawyer buddies rake in huge fees.


38 posted on 06/23/2011 1:30:28 PM PDT by colorado tanker
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To: CutePuppy

Thanks for all the great info.


39 posted on 06/23/2011 1:35:14 PM PDT by Liz ( A taxpayer voting for Obama is like a chicken voting for Col Sanders.)
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