Charles Dombek and The Optimal Financial Group have had injunctions entered against them today by the US District Court of the Northern District of Texas.
These injunctions will bar them from promoting any tax plan that involves creating sham management companies, deducting personal expenses as business expenses, or assisting in the creation of captive insurance companies.
Dombeck created The Optimal Financial Group as a boutique CPA firm.
However, the government alleges that Dombeck used Optimal to promote a tax scheme which illegally reduced customer's income tax liabilities via sham captive companies, which shifted income to be taxed at lower rates.
In promoting the schemes, the complaint further sustains that Dombek and Optimal made false statements about the tax benefits of the scheme, as well as prepared and signed tax returns for their customers that reflected falsified transactions and expenses.
The government concluded that the treasury was harmed by over US$10 million or more, as a result of the scheme.
