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03/26/2006 Entry: "The H&R Block Scandal"

"...two lawsuits. Bill Lockyer, the California attorney general, sued the company over the marketing of 'instant' tax refunds, which he said were loans with annual interest rates that 'could be in excess of 500 percent.' Mr. Lockyer also asserted that some instant refunds were not issued any faster than a refund from an electronically filed return.

"And this month, Eliot Spitzer, the New York attorney general, accused Block of steering low-income customers into individual retirement accounts that charged high fees and provided low rates of return. Mr. Spitzer said the investments were 'virtually guaranteed to lose money.'"
What's the sleaziest company in America?, Sivacracy, March 25, 2006

Just when you thought tax time couldn't get any worse...

For anyone in Los Angeles County or near the north end of it, I have the greatest tax guy on earth. Send me an email at ginger@hackenbush.org and I'll get you hip to the scene.

Posted by GM

 

 

 

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