Rama Krisna Kuchibhotia Vyasulu, the ex-owner of Rosemont Financial, whose greed drove him to attempt to launder drug profits for DEA undercover agents, and which cost Caracas unofficial currency "Permuta" brokers tens of millions of dollars in fines and penalties, when his illegal sub-accounts were seized for FinCEN violations, is advertising himself as a tax preparer. How is a notorious convicted felon, a financial criminal who burned his clients, in the biggest seizure case in US history, holding himself out to offer tax assistance ? His cooperation with law enforcement resulted in a short sentence, and no apparent permanent damage, as he is right back in the Miami business world.
If you do not believe me, access his website here. Truth is always stranger than fiction. Just one more reason to perform due diligence on everybody that you intend to do business with, or for; everybody, with no exceptions. Vyasulu ran his business out of shoebox, lied about the clients' right to use sub-accounts, under his MSB license, and rolled over on his valued clients, to save himself, after he was caught attempting to clean drug money. His clients failed to do that which they were doing daily with their own customers: due diligence in advance.