Lee Morgan

Terry Neal sentenced to five years in prison

April 6, 2006

After failing to have his plea agreement rescinded, entrepreneur 59-year-old Terry L. Neal has been sentenced to five years in prison for his role in an offshore tax fraud scheme.Neal, who previously pleaded guilty to one count of conspiracy to defraud the United States, was also fined $50,000 and given three years of supervised release during his sentencing at the U. S. District Court for the District of Oregon on March 21, 2006.

U. S. seeks summary judgment against Terry Neal gold-silver

September 15, 2004

The U. S. Government has applied for summary judgment in its forfeiture complaint regarding gold and silver bars and coins seized during a criminal investigation into former offshore provider Terry Neal. The motion was filed at the U. S. District

Terry Neal tries to renege on sentencing deal

August 31, 2004

Former offshore services provider Terry Neal and three co-defendants have had their sentencing delayed pending a review of a U. S. Supreme Court opinion that federal sentencing guidelines are unconstitutional.

Terry Neal agrees to turn in clients

April 13, 2004

Terry Neal has become the latest United States-based offshore provider to turn in his clients to criminal prosecutors in return for a lenient sentence.Two months after shell bank promoter Jerome Schneider pleaded guilty to one count of conspiracy to defraud the U. S. government, Neal pleaded guilty to a similar charge yesterday at federal court in Oregon. Neal, who was based in Portland, Oregon and St. Kitts & Nevis, faces up to five years in prison and a maximum fine of $250,000 when he is sentenced on July 12, 2004.

Legal battle for Terry Neal group’s gold and silver

January 31, 2004

A legal battle is taking place in Oregon for possession of gold and silver bars and coins that were seized during a raid on the offices of companies associated with offshore provider Terry Neal. The United States Government is seeking to take permanent possession of the property, worth approximately $225,000 at current prices.

Superseding indictment filed against Terry Neal

April 30, 2003

Offshore financial services provider and asset protection book author Terry L. Neal has been criminally indicted on tax-related offenses in the United States for the second time in three months.A 13-count superseding indictment was filed on April 23, 2003 against Neal, of St. Kitts and Oregon; and three associates, Lee. E. Morgan, of Oregon; James Fontano, of Nevada; and Aaron Young, of Oregon.

Terry Neal expects further charges, complains of treatment by US authorities

January 31, 2003

Offshore services provider Terry Neal, who has been criminally indicted in the United States for alleged tax evasion, said he expects to be charged with further offenses. "In court, the IRS was quite open about the fact that they hoped to amend the complaint with which they have charged me to include all kinds of nefarious acts, as yet unnamed," he told OffshoreAlert. "Of course, the real reason for the government's angst has much more to do with my critical writing regarding IRS abuse as set forth in numerous published newsletters, magazine articles and my several books."