Poker Ponzi Scheme May Net Deduction

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Recently the U.S Attorney for the Southern District of NY referred to one of the poker site as a “ponzi scheme”. The use of this specific language may be of tax benefit to poker players who have as of this moment be unable to withdraw funds for their player accounts.....

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Published In: Criminal Law Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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Sanford Millar
Law Offices of Sanford I. Millar

Experience and Qualifications: Over 30 years of experience in domestic and international tax... View Profile »


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