Dr. Gary Michelson gets ripped off by his own accountants, lawyers

I must be the only person in the world who hasn't ripped off Gary Michelson. He can't even trust his own accountants and lawyers? He supposedly lost over $20,000,000 in this investment via IRS fines and penalties. Gary should put all of his money in a mattress and never speak to anyone ever again.

The link below is an opinion on an appeal from LA Superior Court. Defendant requested Gary's communications with his lawyers, accountants. Gary stated those are privileged as they are. Defendant stated that the case is about what his lawyers and accountants told Gary. Judge ruled that while the case is about what they communicated to Gary, Gary has not given up his right to privilege with his lawyers and accountants. To the defendant out there, Gary does not communicate in writing with others. He receives but never sends. This way he can deny everything.

http://www.courts.ca.gov/opinions/nonpub/B245624.PDF

It appears Gary should have asked for an opinion letter before he invested in some tax shelters. Turns out the tax shelters were not legal. He lost money on the shelters and tried to write off the losses. IRS denied it and he ended up owing $20,000,000. Read the link for more information.

I'm now starting to feel sorry for Gary. He can really only trust his dogs, if that. He seems to almost seek out bad people. When he does meet good people he stabs them in the back and they no longer want to work with him. I would never ever work with him again. I don't recommend that anyone work with him.