Washington (Dec. 27, 2002) -- Two individuals were indicted on counts of conspiracy to defraud the IRS, wire fraud and mail fraud as the result of an investigation by Internal Revenue Service Criminal Investigation special agents.According to the indictment, Jerome Schneider and Eric Witmeyer offered for sale the stock of Nauru trading corporations licensed as international banks and other offshore corporations in an attempt to defraud the Internal Revenue Service. Nauru is an island nation located in the Pacific north of the Solomon Islands.
No business was conducted by any offshore entity sold by the defendants on Nauru nor was any bank account established on Nauru. Instead, the defendants would cause accounts in the name of the Nauru bank to be established in financial institutions located outside the U.S.
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