Owner of Solo 401k provider used forged IRS favorable determination letter
On June 24, 2020, a State of Michigan Circuit Court for the County of Oakland held Jeff Trin in civil contempt for violations of the Court's prior order by failing to delete the Better Business Bureau profile of Solo 401k Services LLC.
Previously, the Court held Mr. Trin (the founder of Phoenix-based Solo 401k Services LLC and Retygo Financial LLC) in civil contempt and ordered him to:
· Permanently discontinue and dissolve Solo 401k Services LLC, an Arizona limited liability company, through which Mr. Trin offered self-directed retirement accounts such as self-directed Solo 401k plans.
· Shut down Solo401kServices.com, the related email accounts and telephone number as well as related Better Business Bureau profile.
The Court held Mr. Trin in civil contempt for violations of the Court's prior order by failing to delete the Better Business Bureau profile of Solo 401k Services.
Mr. Trin, founder of Solo401kServices.com and Retygo.com which offers on its website "IRS approved retirements plans" including Solo 401k accounts, previously pled no contest to fraudulently altering an IRS favorable determination letter.
This type of letter is important because it allows the client to verify that the IRS has reviewed the offered Solo 401k plan documents and that the plan is a qualified plan.
On June 24, 2020, a State of Michigan Circuit Court for the County of Oakland held Jeff Trin in civil contempt for violations of the Court's prior order by failing to delete the Better Business Bureau profile of Solo 401k Services LLC.
Previously, the Court held Mr. Trin (the founder of Phoenix-based Solo 401k Services LLC and Retygo Financial LLC) in civil contempt and ordered him to:
· Permanently discontinue and dissolve Solo 401k Services LLC, an Arizona limited liability company, through which Mr. Trin offered self-directed retirement accounts such as self-directed Solo 401k plans.
· Shut down Solo401kServices.com, the related email accounts and telephone number as well as related Better Business Bureau profile.
The Court held Mr. Trin in civil contempt for violations of the Court's prior order by failing to delete the Better Business Bureau profile of Solo 401k Services.
Mr. Trin, founder of Solo401kServices.com and Retygo.com which offers on its website "IRS approved retirements plans" including Solo 401k accounts, previously pled no contest to fraudulently altering an IRS favorable determination letter.
This type of letter is important because it allows the client to verify that the IRS has reviewed the offered Solo 401k plan documents and that the plan is a qualified plan.
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