RAMESH SARVA: Defendant Ramesh Sarva

RAMESH SARVA: Defendant Ramesh Sarva: Defendant Ramesh Sarva is a CPA who has been steering his customer toward VEBA plans for over 20 years- and in particular, toward Sea Nine-a...

RAMESH SARVA

Tuesday, January 7, 2014

SARVA

Defendants have also directly and indirectly promoted the VEBA plan scheme to prospective participants. Sarva for his part has been marketing Sea Nine's VEBA plans to customers across the United States for nearly 30 years- even before Elliot became involved- and continues to do this today.

Sarva- More You Should Know

Sarva has similarly made numerous false statements to his customers about the Sea Nine VEBA plans despite his notice that they are not compliant with Section 419A(f)(6). He touts his many years of work with Sea Nine VEBA plans to potential customers reassuring them that the plans are completely legal. He provides potential plan participants with materials (such as the legal opinions by Elliot and Sea Nine)  indicating that after 2004 the Sea Nine plans were not in conformity with the relevant provisions of the Tax Code. And he has promoted the concept that participation in the Sea Nine VEBA plans permits underscoring the cash value nature of the universal or whole life policies that the plans purchase for their participants, even though (noted above)  a VEBA plan that operates in this fashion evidences experience rating.