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Rock and/or Roll: TAX SCAM RECORDS
Manage episode 451752653 series 2601091
In 2014 a certain record sold on ebay for $14,000. The lucky seller purchased the album at a Goodwill in New Hampshire for $1.00. As it turned out, very few copies existed because the majority of whatever had been pressed had most likely been shipped straight to a landfill by the label as a shady tax write off. And this wasn't a one-off scam.
Learn more about your ad choices. Visit megaphone.fm/adchoices
3014 jaksoa
Manage episode 451752653 series 2601091
In 2014 a certain record sold on ebay for $14,000. The lucky seller purchased the album at a Goodwill in New Hampshire for $1.00. As it turned out, very few copies existed because the majority of whatever had been pressed had most likely been shipped straight to a landfill by the label as a shady tax write off. And this wasn't a one-off scam.
Learn more about your ad choices. Visit megaphone.fm/adchoices
3014 jaksoa
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