Publisher's Synopsis
This is Shirley Mays' third book. She is a North Carolina real estate broker and an environmental consultant. She has a Research Center at the Cotton Exchange in Wilmington, North Carolina.
This book is about a conspiracy to defraud the United States taxpayers perpetrated by individuals employed by the Resolution Trust Corporation (RTC) and its successor agency on the matter in question, the Federal Deposit Insurance Corporation (FDIC).
The Resolution Trust Corporation was a US government-owned asset management company mandated to liquidate assets of the defunct savings and loan associations ("S&Ls"). Between 1989 and mid-1995, the RTC closed or otherwise resolved 747 Savings & Loans Institutions (known as thrifts) with total assets in the hundreds of billions of dollars. Shirley Mays was certified by the RTC and the FDIC as a minority woman -owned corporation. She became an "insider" and a whistleblower.
Her "whistleblowing case" filed with the Department of Justice in July of 1996 was covered up by the government with lightening speed. She filed an IRS Whistleblower Case in June of 2009. She and her Congressman are now going after the corporate criminals like the IRS went after Al Capone........ for tax evasion. She has their pseudo-Federal ID numbers.
"Whereas, there is no statute of limitations when you are able to show that they knew they were committing fraud. The IRS looks at a fraud case entirely differently. It can pursue any case where it can prove the company knew it was cheating, even if the underpayment was 20 years ago."
