Baltimore Police Commissioner De Sousa Charged With Tax Crime

By Mary Lundstedt, Esq.
  On May 10, 2018, the United States Attorney for the District of Maryland announced that new Baltimore Police Commissioner Daryl De Sousa has been charged with three misdemeanor counts of willful failure to file a U.S. individual income tax return. Specifically, the charges allege that Commissioner De Sousa failed to file returns for tax years 2013, 2014 and 2015-each failure a violation of Internal Revenue Code (IRC) §7203. Under IRC §7203, it is a misdemea...
More

The Domestic Asset Protection Trust

By Leanne Broyles, Esq. What if you could take a portion of your hard-earned wealth, lock it up from your creditors, but keep the key for yourself? It sounds too good to be true, but the Domestic Asset Protection Trust provides a very real and very valuable estate planning tool for achieving this objective. The Domestic Asset Protection Trust, commonly referred to as a DAPT, is a type of spendthrift trust, created by statute, for the benefit of the Trustmaker. A spendthrift trust is an...
More

Celebrities’ Initial Coin Offering Endorsements Under SEC Scrutiny

By Mary Lundstedt, Esq. Cryptocurrency start-up firms sometimes attempt to raise funding for an original cryptocurrency venture through Initial Coin Offerings (ICOs). Typically, the firm presents a whitepaper plan detailing the: (1) project requiring funding, (2) amount of funding needed, (3) amount of cryptocurrency that investors will retain, (4) specific currency accepted, and (5) timeline for the ICO campaign. Once the campaign is underway, the early project supporters purchase some o...
More