USA vs. Ed Okun: Amended Preliminary Restitution Report

bank vault

The 1031 Taxgroup Ed Okun ponzi scheme rip off continues to baffle and frustrate those victims who have endured the worst experience of their financial lives. The continuing saga of restitution took a new turn with a newly amended government preliminary restitution report. If you are a victim of Ed Okun’s 1031 Tax Group fraud, this is a document you should read and familiarize.

Gearld McHale’s Trustee Tax Group Notice

The following is a link to a pdf file for the government’s amended preliminary report as to restitution made available on www.trustee1031taxgroup.com. Please read this document, released on June 9, 2009:

Click on Government’s Amended Preliminary Report as to Restitution follow this link to bottom link click on (orange) “linked hereto is the Order of the criminal court dated June 9,2009” for the report. Best of luck and our thoughts are with you all.

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Warning Restitution Registration Deadline For Okun-Coleman Victims December 29, 2008

Chicago Sun-Times published this deansguide article 12-07-08

The following email notice was sent to all Okun-Coleman victims of the 1031 Tax Group scandal by the US Department of Justice. If you were one of the 1031 Tax Group victims of Ed Okun and Lara Coleman, you MUST register your financial loss as described in the letter copied below.

Warning: Are You On US Department of Justice Mailing List?

If you do not receive a hard copy in the mail, the CRIMINAL court doesn’t have your correct address. It is imperative that you alert Kim Ulmet, with the US Department of Justice, so she can update or correct the victims’ mailing list she is developing/maintaining to ensure you receive other official court documents. Her information is below. If you fail to follow the steps below, you could miss out on the opportunity to recieve any restitution via the criminal court process (which is totally different from the ongoing bankruptcy mess).

Kim Ulmet Contact Information:

U.S. Department of Justice,
United States Attorney’s Office Eastern District of Virginia in Richmond
600 East Main Street, Suite 1800,
Main Street Centre,
Richmond, VA 23219
Phone: 866-287-5410
Fax: 804-771-2316

The Letter:

December 01, 2008

RE: United States v. Defendant(s)

Case Number 2007R01837 and Court Docket Number 3:08CR132
United States v. Edward H. Okun

Important Notice: Victim Verification of Financial Losses
Enclosed you will find a form entitled, “Important Notice: Victim Verification of Financial Loss,” which requests information and supporting documentation concerning your financial loss associated with Edward H. Okun, d/b/a 1031 Tax Group and Investment Properties of America (IPA). The Qualified Intermediaries relevant to this case include: 1031 Advance; 1031 Security Services; Atlantic Exchange Company; Investment Exchange Group; National Exchange Services; and Real Estate Exchange Services. It is imperative that the enclosed form and your supporting documentation be completed and submitted to the United States Attorney’s Office, Attn: Kim Ulmet, Victim/Witness Specialist, 600 East Main Street, Suite 1800, Richmond, VA 23219 and be postmarked no later than Monday, December 29, 2008. You must submit the form with your original signature, however, your supporting documents may be copies. If your Victim Verification of Financial Loss form and supporting documentation outlining your financial loss are not postmarked by December 29, 2008, your name may not be included in the list of victims that will be submitted to the Court for restitution purposes.
Although you may have received and completed a survey from the United States Postal Service and/or filed a claim with the Bankruptcy Trustee, you must complete the enclosed form to be considered for restitution. In addition, you must sign the declaration under Penalty of Perjury and attach all requested supporting documentation. The restitution process is entirely separate from the pending bankruptcy proceedings. As you will see from the attached form, the relevant inquiries are different and require specific documentation. We appreciate your patience and cooperation with this process.

This notification will be sent through email and regular mail. If you do not receive this notification in the U.S. mail within two weeks, please log in to the VNS website, update your address, and call me at 866-287-5410 to ensure we have your updated contact information.

Okun Indicted On 27 Counts: Is Okun On Suicide Watch?

Ed Okun and accomplice Lara Coleman, somebody the mystery caller mentioned months ago as “going down”, face a 27 count indictment as handed down and reported by Gerald McHale this past week. The indictment laundry list of counts:

1. Wire and Mail Fraud Conspiracy: Count 1
2. Money Laundering Conspiracy: Count 2
3. Wire Fraud: Counts: 3-15 (1343)
4. Mail Fraud: Counts: 16-18 (1341)
5. Money Laundering: Counts 19-21 18 USC & (1956 (a) (1) (A) (i))
6. Money Laundering: Count 22 18 USC & (1956 (a) (1) (B) (i))
7. Money Laundering: Counts 23-25 USC & (1957)
8. Bulk Cash Smuggling: Count 26 31 USC & 5332
9. False Declaration: 18 USC & 1623

In the face of this indictment, the fact reported by Mark Heschmeyer that one of his buildings (Shreveport) has natural gas deposits valued at $30-60million-something he can’t touch, and the possible collapse of his marriage and network of friends, it is rumored that Ed Okun has been placed on suicide watch.

Here is one of the only pictures available on the internet of Ed Okun (far right) during a press conference announcing the sponsorship agreement with Foyt Racing. Photo courtesy of Foyt Racing.

Note: This conference was in 2006 long before it was public news that Ed Okun’s wealth was derived from the ponzi scheme known as 1031 Tax Group and affiliates:

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