Quellos CEO Jeffrey Greenstein and tax attorney Charles Wilk created a product called POINT that fabricated $9.6 billion in transactions for five wealthy clients, generating capital losses that deferred roughly $240 million in federal taxes.
POINT was a sham.
For three weeks, I’ve been writing about the Quellos tax shelter case.
Safe Harbor Ep 3: How Quellos Got Caught
In 1982, Selim Zilkha paid $28 million for a bankrupt oil company in Ohio. He made his son an executive. Sixteen years later, Michael Zilkha sold his shares for hundreds of millions of dollars.
Brent Sullivan
Safe Harbor Ep 2: "More Likely Than Not"
NFL teams don’t come up for sale very often. In 1999, the New York Jets did.
Brent Sullivan
Safe Harbor Ep 1: Mighty Morphin Power Rangers
In 2001, Haim Saban sold the Fox Family Channel to Disney for $5.3 billion.
Brent Sullivan
This is the final episode of Safe Harbor. If you have information about Quellos or would like to tell your side of the story, I would be glad to hear from you.