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In July 1998 I made a IRA ROLLOVER investment in a Viatical Insurance purchase through my broker friend (so I thought). The purchase was for a 3 year period with a high rate of interest return, etc. The Ponzi scheme crooks that were running the scam out of Lakeland, Florida. They took the money collected from the people and blew it on extravigant living and investments for their own personal luxurious life style, etc. The crooks were arrested and jailed. They are being investigated by the U. S. Attorneys Office (Southern Florida). It does not look too promising that anyone will ever get their invested monies back. QUESTION: Can this be written off in my 1999 Taxes, and, if so, how would it be reported? Thank you for your input.

Russ Gell
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