Bulletproof Asset Protection

List Price: $29.95 Discount Price: $2.95

Customer Reviews:

Best I have ever read on the subject. [Posted on 2004-09-16]
I found this book elsewhere, have used its tecniques often and have saved myself many heartaches in my business life. I found it at the same price, but with a FREE video as well at lawsuitproofyourassetsdotcom

no1coolcat's assertion incorrect on Reed's background [Posted on 2004-09-21]
no1coolcat's review about a suspension is blatently false, obviously he is a competitor in the asset protection field trying to smear this author. Many attorneys are very familiar with Mr. Reed's story and background. It is an open book that he actually uses as a selling point. He is a hero for asset protection, having learned it the business first hand when he defended himself and others during the real estate market collapse in Colorado in the 80s. He was so successful at defending their assets that the frustrated attorneys on the other side after many years unsuccessfully attacking them, filed a grievance with the Colorado Bar Association claiming Mr. Reed had been dishonest because he hadn't paid them a dime! It was dirty tactics, a last resort, and all they could think to do to try to pressure him. That was many years later and by that time, Mr. Reed was living and practicing in another state. He voluntarily agreed to have his CO license suspended for one year at which time it would be reinstated. Since he did not plan to live in Colorado again, he did not reinstate it, it did not matter to him. Mr. Reed has provided asset protection to thousands of clients for over 10 years now, and is endorsed by many including Larry King Live, Bill O'Reilly, Rush Limbaugh, Robert Wagner and many others as the top authority in the U.S. on asset protection. His strategies work 100%. His company has top references, top ratings from Dun&Bradstreet and Forbes, and is a member of the Chamber of Commerce and Better Business Bureau.

Interesting background info only [Posted on 2005-08-01]
A nice introduction to extreme asset protection techniques as a sales pitch to the reader to employ the author's services. Nothing wrong with that, and I enjoyed reading the book, though it is full of off-topic information including a grossly incorrect statement about the economic base of Singapore. The author does a great job of citing rare cases where the US government bullies people and takes their money; interesting, but for most of us I would guess not exactly helpful in our situation. I am still looking for a good practical guide that explains how to do things without the employment of a lawyer.

A great eye opener [Posted on 2006-01-31]
I found this book to be have great guidelines and useful
information in taking steps to protect the assets.

Marketing Hype with No Substance [Posted on 2007-05-05]
I think this article says it all.

'Lie' leads to court ruling
By Robert Patrick
ST. LOUIS POST-DISPATCH
04/25/2007

A man jailed and fined a decade ago for scamming customers with a St. Louis based "get rich" program is in trouble again after a federal judge ruled that he violated a court order by lying to customers.

The man, Richard C. Neiswonger, and William S. Reed are partners in Asset Protection Group Inc., which took in $19.8 million from 2000 to 2006 by signing up almost 2,000 customers, court documents and testimony show. Asset Protection Group has an office in Las Vegas, but the earlier sales program had been based in St. Louis.

The customers were promised the chance to earn six-figure incomes selling Nevada and offshore corporations that supposedly shield buyers' assets from the IRS, law enforcement and "capricious federal judges."

Despite paying up to $9,800 apiece to peddle the program, the customers, known as consultants, got little in return, U.S. District Judge Stephen N. Limbaugh wrote in an order made public Tuesday. Advertisement

Only three sold more than 50 corporations. Most sold none and lost money.

Only one of the consultants ever made the promised six-figure income, and that was only because APG supplied her with "numerous names of prospective clients prepared to buy corporations," Limbaugh wrote.

Of the 3,200 Nevada corporations set up through APG, half are defunct, meaning sellers would not get the promised fees for renewals.

Neiswonger used at least $2.8 million of the proceeds to pay personal expenses, including payments for a Mercedes and a Lexus and credit card expenses, Limbaugh wrote, and Reed received about $5 million in cash and other payments.

In 1997, Neiswonger was ordered not to lie in the advertising or sale of "business-opportunity" programs and agreed to other marketing restrictions after a similar business took in $6 million from 612 people using similar methods, prosecutors said at the time. He also pleaded guilty of wire fraud and money laundering, served 12 months in prison and paid millions in fines and restitution.

Both men knew about the civil and criminal case and the court order that barred Neiswonger from lying to customers and requiring him to maintain a bond to protect customers.

Neither told customers about Neiswonger's troubles, or that Reed had lost his law license in Colorado, Limbaugh wrote.

Limbaugh found Neiswonger in civil contempt for his conduct at APG. Also, he is banned from telemarketing and selling any "program," which documents define as any training sessions, instruction, class material or joint-venture opportunity.

The Federal Trade Commission wants Reed and Neiswonger to return the profit they made through APG, but the profit has yet to be determined.

Also, Reed and APG face a hearing over whether they should be held in contempt.

Justice Department lawyers became involved in the case earlier this month and have filed legal papers alleging that some of the services APG provided were improper and that at least 69 APG customers may have $30 million in federal tax liabilities on assets they ran through the APG system.

"There's a lot in this case that we don't dispute," said Neiswonger's lawyer, Robert McAllister, but he noted, "Nobody sought refunds that hasn't got them."

He also said Neiswonger had nothing to do with the IRS action involving the accounts.

Neiswonger, reached by telephone where he works at a business in St. Louis County offering treatment for men's sexual problems, said that an appeal of Limbaugh's order was planned. "We just don't think that it was a fair ruling," he said.

Reed's lawyer declined to comment.

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