Ponzi Scheme Losses

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  • Florida_EA
    Senior Member
    • Aug 2017
    • 153
    #1

    Ponzi Scheme Losses

    Client has Ponzi losses in 2018. What are the disclosure requirements for these type of losses? Need to know the specifics of Form, Rev Proc if any, any other disclosures, etc.
    Tags: None
    • Gene V
      Senior Member
      • Jun 2005
      • 1057
      #2
      Here is a good article on Ponzi losses----https://www.journalofaccountancy.com/news/2009/mar/20091552.html
      Try Rev Proc 2009-20

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