• Report: #962144

Complaint Review: Berkshire Hathaway

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  • Submitted: Tue, October 30, 2012
  • Updated: Tue, October 30, 2012

  • Reported By: mike — lincoln Nebraska United States of America
Berkshire Hathaway
3555 farnam st omaha, Nebraska United States of America

Berkshire Hathaway Warren Buffett, Bill Gates tax fraud omaha, Nebraska

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Wealthy shareholders of Berkshire Hathaway are using trusts to get away without paying taxes on their class A shares.  The shareholder puts the shares into  "street name" where the IRS and the SEC cannot recognize who the real owners of the shares are.  When the shareholder dies, the trustee uses the trust as an instrument to transfer the shares to whomever the original shareholder stated in the trust.  Illegally using the trust, they do not report the transfer of the shares on the estate for probate and Berkshire Hathaway does not report it to the IRS and the SEC.  Since the trust "never dies", the family can keep on transferring the shares without anyone knowing and illegally avoiding taxes.  This is done in part because Warren Buffett doesn't let Berkshire Hathaway pay a dividend on the shares.  The shares never have to be reported to the IRS for a federal tax id # because there is not any income associated with them.  This is the main reason that Buffett doesn't pay a dividend because it would expose all of this fraud to the IRS and the SEC.

A perfect example is with my grandfather's shares.  In the earlier 70's, my grandfather had an income problem with his Standard Oil business in West Point, NE.  He pre-paid inventory to offset his taxes but this was illegal.  My grandfather amassed $4.2 million in prepaid inventory and Buffett had the perfect plan to help my grandfather and his company Buffett Partnerhips LTD (Berkshire Hathaway).  My grandfather asked for the money back from Amaco and gave the money to Buffett.  Buffett then gave my grandfather shares in his company in return.  The biggest problem is that they didn't report any of the income which is income tax fraud.  They did this for years until the early 1990's.  In 1999, they needed to get my grandfather's name off the shares so they did a merger.  They went dormant with OBH INC and started NBH INC.  They did a merger in themselves to ask for the transfer book back from Equiserve in order to manipulate the books in order to hide the fraud that has been going on.  Now, Berkshire Hathaway has two corporations (NBH Inc and OBH INc.) with the same incoporated date.  Buffett covers this up by keeping the doing business as (dba) name Berkshire Hathaway.  Through the years, Buffett helped my grandfather because it helped Buffett keep controlling interest (over 51%) of Berkshire Hathaway no matter what the shareholders vote every May.  When my grandfather died three years ago, they used his trust to transfer the shares illegally to Bill Gates.  The share never ended up on his estate or the trust was never reported during his probate.  Two big things happened by this.  Number one, it allowed my both my grandfather and Bill Gates to illegally avoid paying taxes and #2 it allowed Buffett to maintain controlling interest in Berkshire Hathaway. MR. Gates has been voting those shares illegally for three years since my grandfather died because the transaction was not legal.  This is an injustice to all Berkshire Hathaway shareholders that think they have a voice in a company that they invested in!

Going back to that merger in 1999 with OBH Inc. and NBH Inc.  All the shares of Berkshire that were purchased prior to that--still remain in that dormant company.  With Buffett having control of the corporate transfer book, he can wait to see if anyone claims share for a person that has died.  If they don't after a certain amount of time, Buffett can put someone else's name on those shares without any one knowing.

If you are looking for more infomation for authenticity please look under Judge Robert Ensz.  My grandfather paid him $200,000 to look the other way on these shares.  He has now been removed forced into retirement.  You can also look into Lance Munger and Deloitte and Touche.  He had a conflict of interest because he is a relation to the VP Charlie Munger.  This means that all of the certified audits that they have done on Berkshire Hathaway are illegal because of this conflict of interest.  This makes it a non certified audit and that is how Berkshire Hathway has been skating past the authorities for years.  There is more to come because Donald E Nielsen's family found out about these shares!  Please share to bring transparency to all these people that are put into positions to keep justice but end up taking a payoff!


This report was posted on Ripoff Report on 10/30/2012 12:33 PM and is a permanent record located here: http://www.ripoffreport.com/r/Berkshire-Hathaway/omaha-Nebraska-68131/Berkshire-Hathaway-Warren-Buffett-Bill-Gates-tax-fraud-omaha-Nebraska-962144. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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