Jenny DeMilo

My Redbook siezed by feds – Update

myredbookThe indictment is out and you can see by looking at it the feds ( FBI and IRS) are totally following the money trail. They  have all the money transfers listed and all the assets. Seems you can make millions of dollars off escort advertising, but i already knew that. The people arrested had cash in banks, a couple of cars but no real property at least if they do it hasn’t been found yet.

I cant express enough how important it is to pay your taxes. If you deposit 10K or more into a bank, the bank will report that money to the IRS and eventually you will have to account for that money and if it doesn’t match your income then you are in it deep with the government.though it might take them a few years to find you ans seize everything you have.  In this case i’m guessing The Redbook people will lose it all and lets face it an ad site is a legal business. So it is all unnecessary and short sighted.  They really screwed the pooch on this one and a lot of people are scrambling because of it.

You can read the indictment for yourself  omuro-indictment

Defendants appear in court http://www.ktvu.com/videos/news/san-francisco-myredbookcom-operator-appears-in/vCg7X9/