Mr. Paulson was
Chairman and Chief Executive Officer of Goldman Sachs when they knowingly took MONY public with fraudulent
financial statements. Mr. George has abdicated his responsibility as Inspector General in an effort to cover-up and conceal
serious criminal acts by his superiors. Mr. George has determined that crooks within the Internal Revenue Service should investigate
themselves!______________________________________________________
Complaints@tigta.treas.gov
J.
Russell George
Treasury Inspector General for Tax Administration
August 6, 2006
Hotline
P.O. Box 589
Ben Franklin Station
Washington, DC 20044-0589
Dear
Mr. George:
I recently obtained information relating to the IRS investigation of The Mutual Life
Insurance Company of New York, commonly and hereafter referred to as MONY, relating to their fraudulent financial statements
and the looting of the company and subsequent failure to pay taxes. It appears that IRS employees and attorneys have crossed
the line and knowingly entered a criminal conspiracy to cover-up and conceal a massive fraud. Please consider this as a report
of fraud and waste under the whistle blower laws.
I was first employed in the insurance business
with MONY, from September 01, 1971 thru February 01, 1991 as a Field Underwriter in the Dallas and Richardson Texas Agencies.
My personal sales production qualified me for the Million Dollar Round Table for 15 consecutive years and many Honor Clubs
with MONY. During mid 1982 I accepted a position as a Sales Manager in the Fort Worth Agency. From January of 1986 until February
01, 1991 I was the Agency Manager for the Fort Worth Agency.
From 1982 thru 1990 my duties
included the recruiting and training of new Field Underwriters to market MONY life & health insurance products along with
securities registered throught the Securities and Exchange Commission. I also marketed the products as a dual capacity employee
of MONY and a Registered Representative of MONY Securities Corp. Beginning in 1983 MONY introduced a series of products designed
for retirement and high increasing death benefits based upon dividends that the company claimed were conservatively illustrated
at a 7 to 7.5% return on the company's invested assets. The products were used in many different ways to illustrate educational
savings plans, guaranteed retirement funding, pension maximization and elimination of the survivorship benefit for members
of the military as well as replacement of IRA accounts. These policies were widely marketed as sound "investment grade" life
insurance contracts accompanied by an array of company furnished sales literature and materials.
Effective
February 1, 1991 MONY terminated my contract without cause. As a result of discovery in the ensuing litigation, which was
settled to my satisfaction on the eve of trial in 1993, I became concerned for the safety of my pension and investments held
by MONY. In an effort to assuage those concerns I obtained additional documentation from the New York Department of Insurance
and agreed to work as a case consultant on several suits against MONY by other employees and policyholders that helped me
secure additional information concerning serious criminal activity and a massive fraud on the public. For brevity's sake I
have posted a detailed history at
http://www.GonzalesAG.com/ and the confirmation by
U.S. Senator Bill Nelson at
id6.html. Additional information is available at
http://www.SpitzerAG.com/
and
http://www.MONYBUSH.com/.
I
recently obtained court records concerning Jack Conway vs The United States which makes it crystal clear
that someone knew and looked the other way. The issues that Mr. Conway reported with regard to the tens of millions of dollars
paid as consulting fees to individuals who did no consulting are in fact true as were consulting fees to cover a home
theater for an officer and to avoid social security benefits to employees. Additionally, the payments made to officers under
the Secret Phantom Stock Plan were also illegal. I have the depositions, audits and documents from a
number of suits and was present when officers admitted to the acts.
On August 13, 1996, Mr. Jack Conway and the IRS entered into a written "Informant Award Agreement" ("Agreement") under which Conway
was to provide certain confidential information to the IRS regarding alleged underpayment of taxes by The Mutual Life
Insurance Company of New York, commonly and hereafter referred to as MONY, for tax years 1985 through 1996 and was
to assist in any criminal or civil investigation. The IRS agreed to pay Conway a sum of $25,000 once it decided to pursue
the allegations by initiating a criminal investigation or civil examination against the taxpayer. Pursuant to this provision,
the IRS made a payment of $25,000 to him on December 10, 1999. This initial payment is unrelated to the collection process
of any underpayment of taxes and is credited against the total reward provided under the Agreement. Paragraph seven of the
Agreement set out the terms under which plaintiff would receive any additional reward: Further., the Service will pay the
Informant a sum equal to ten (10) percent of the net taxes, fines and penalties (but not interest) collected from MONY
, as a result of the information provided by the Informant, for the tax years 1985 through 1996. The total amount of all payments
to the Informant shall not exceed $7,000,000.00 (seven million dollars).
The IRS prevailed
in the suit by hiding behind the privacy laws and either cheated Mr. Conway out of his just due or cheated the taxpayers of
this country and allowed a massive fraud on the public. As a direct result of the IRS's failure to enforce the law and take
the appropriate action.... MONY was allowed to be taken Public by Goldman Sach in 1998 with fraudulent financial statements
and opinion letters from PricewaterhouseCoopers with the full knowledge of the SEC and the N.A.I.C.
Perhaps
you could investigate this matter and take the appropriate corrective actions that could alleviate the tax traps that face
unsuspecting aging Americans before it is too late. Those individuals that bought the fraudulent policies and phony sales
concepts do deserve to know about the IRS bill they could receive at age 85 or 90 for more than their net worth.
I am pretty sure the surviving spouse of a member of the military will want to know that they will not be receiving retirement
benefits after the death of their spouse!
Please do not hesitate to contact me at 817 545-8961
or e-mail
RAbshire@aol.com for clarification or documentation.
Respectfully,
R.
Dale Abshire
3308 Pin Oak Lane
Bedford, TX 76021
cc H. Marshall Jarrett, Counsel
Office of Professional Responsibility
_________________________________________________________________
J. Russell George
Treasury
Inspector General for Tax Administration
October 26, 2006
Hotline
P.O. Box 589
Ben Franklin Station
Washington, DC 20044-0589
Dear
Mr. George:
RE: complaint # 55-0608-0102-C /
It has now been more that 2 months since I received
the above referenced complaint confirmation # for the whistle blower complaint I filed with you on August 6, 2006. I
have heard nothing to this date and have not received any request for any of the information I cited in the complaint. It
appears that your office has taken the same position as those cited in the letter.
It should have
taken no more than a phone call to the Secretary of the Treasury, Henry M. Paulson, Jr. to confirm the situation with
MONY. Mr Paulson was in charge when Goldman Sachs knowingly took MONY public with the fraudulent financial statements. He
was also in charge at the time of the illegal transaction on the 3700 Buffalo Speedway property in Houston,
Texas.
If I am mistaken about your intent to take a "do nothing" position, please let me know ASAP
as the public does have a right to know.
Respectfully,
R. Dale Abshire
3308
Pin Oak Lane
Bedford, TX 76021
____________________________________________________________________________________________
Your complaint was forwarded to the Internal Revenue Service. If you would like any information pertaining
to your complaint you must file a Freedom of Information Act Request.
Please direct your request to:
TIGTA Disclosure
Office
1125 15th Street, NW
Suite 700-A
Washington, DC 2005
