Why Onyema Was Flagged By The US - Advice From A US Based Business Man. - Business - Nairaland
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Western Union Flagged Me For Suspicious Transactions / Allen Onyema Indicted For Bank Fraud And Money Laundering In America / Profile Of Allen Onyema (CEO Of Air Peace) (2) (3) (4)
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| Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by OruExpress: 10:47pm On Nov 23, 2019 |
I'll make it short. CEO Allen Onyema (Air Peace) was flagged because in the United States, you don't make large purchases without forewarning authorities. The US economy and regulatory system is designed to flag and investigate anyone who makes a large single purchase, especially if it's not purchased with credit by the US creditor. Their reasoning is that 1. Large purchases can destabilize the economy and add an element of unpredictability to commercial markets. If Boeing makes 1 billion dollars from you 1 year, and doesn't make that 1 billion the next year, uninformed shareholder will panic and think the company is declining. Shareholders are interested in measured, incremental growth, and if a purchase is too large and done without warning, it will cause panic. You are also interrupting the companies planning and projections. While every business wants to make money, a corporation is more concerned with long term survival and controlling it's resources than gain. The wrong type of gain will hurt your ability to borrow. It's important to remember that before large purchases are made between corporations, they usually give each other months, or a year forewarning, and notify banks + authorities. 2. In the US, the only people that make large purchases without credit or lawyers, are criminals. This is what the US regulatory agencies believe. If you spend more than $10,000 without borrowing, the Internal Revenue Services will be notified. They will then inquire into your earnings, your spending habits, and your source of income. If these things don't match up with the ability to make a $10,000 purchase, you will be questioned and audited. During the audit, you will have to prove how you were able to spend that type of money in one go. This applies to any and everyone. Anyone that's able to spend more then $10,000 at once almost always hires lawyers and Financial Advisers certified by an accredited board. This 'financial team' answers audits and fights authorities and investigations while you spend you money as you wish. If you look at every major company in the US, they have entire offices and buildings dedicated to staffing lawyers and auditors because they're under investigation 24/7. Even small businesses (business that make under $1 million USD annually) have advisors and lawyers dedicated to making it possible for them to make necessary large purposes. What is ideal in the US system is if you put all of your cash in their banks and borrow from those banks when you need money, against the amount you have. This is the #1 way to keep auditors, the IRS, and various investigative departments away from you because you're no longer a threat to the economy, and there's a paper trail on your spending. Below, I have a risk of 'IRS Red Flags'. These are the things that the US Federal Government look out for, and when seen, will investigate with the proper authorities. Sometimes these investigations involve more than one agency and this can include the Department of Revenue, Department of Justice, and Department of Commerce. 186 Likes 8 Shares
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| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by OruExpress: 10:49pm On Nov 23, 2019 |
If you like the post above, please share on FACEBOOK: https://www.facebook.com/Oruexpress/photos/a.1702170453126409/2805376472805796/?type=3&theater 20 IRS Audit Red Flags 1. Making a Lot of Money The overall individual audit rate may only be about one in 170 returns, but the odds increase as your income goes up (especially if you have business income). IRS statistics for 2018 show that individuals with incomes between $200,000 and $1 million who file a Schedule C had a 1.4% audit rate. Report $1 million or more of income? There's a one-in-31 chance your return will be audited. 2. Failing to Report All Taxable Income The IRS gets copies of all the 1099s and W-2s you receive, so be sure you report all required income on your return. IRS computers are pretty good at matching the numbers on the forms with the income shown on your return. A mismatch sends up a red flag and causes the IRS computers to spit out a bill. If you receive a 1099 showing income that isn't yours or listing incorrect income, get the issuer to file a correct form with the IRS. Report all income sources on your 1040 return, whether or not you receive a form such as a 1099. For example, if you get paid for walking dogs, tutoring, driving for Uber or Lyft, giving piano lessons, or selling crafts through Etsy, the money you receive is taxable. 3. Taking Higher-than-Average Deductions If the deductions on your return are disproportionately large compared with your income, the IRS may pull your return for review. But if you have the proper documentation for your deduction, don’t be afraid to claim it. There’s no reason to ever pay the IRS more tax than you actually owe. 4. Taking Large Charitable Deductions We all know that charitable contributions are a great write-off and help you feel all warm and fuzzy inside. However, if your charitable deductions are disproportionately large compared with your income, it raises a red flag. That's because the IRS knows what the average charitable donation is for folks at your income level. Also, if you don't get an appraisal for donations of valuable property, or if you fail to file IRS Form 8283 for noncash donations over $500, you become an even bigger audit target. And if you've donated a conservation or façade easement to a charity, chances are good that you'll hear from the IRS. Be sure to keep all your supporting documents, including receipts for cash and property contributions made during the year. 5. Claiming Rental Losses Normally, the passive loss rules prevent the deduction of rental real estate losses. But there are two important exceptions. If you actively participate in the renting of your property, you can deduct up to $25,000 of loss against your other income. This $25,000 allowance phases out as adjusted gross income exceeds $100,000 and disappears entirely once your AGI reaches $150,000. A second exception applies to real estate professionals who spend more than 50% of their working hours and over 750 hours each year materially participating in real estate as developers, brokers, landlords or the like. They can write off rental losses. The IRS actively scrutinizes large rental real estate losses, especially those written off by taxpayers claiming to be real estate pros. 6. Running a Business Schedule C is a treasure trove of tax deductions for self-employed people. But it's also a gold mine for IRS agents, who know from experience that self-employed people sometimes claim excessive deductions and don't report all their income. The IRS looks at both higher-grossing sole proprietorships and smaller ones. Sole proprietors reporting at least $100,000 of gross receipts on Schedule C, cash-intensive businesses (taxis, car washes, bars, hair salons, restaurants and the like), and business owners who report a substantial loss have a higher audit risk. 7.Writing Off a Loss for a Hobby Sorry to inform you, but you're a prime audit target if you report multiple years of losses on Schedule C, run an activity that sounds like a hobby and have lots of income from other sources. To be eligible to deduct a loss, you must be running the activity in a business-like manner and have a reasonable expectation of making a profit. If your activity generates profit three out of every five years (or two out of seven years for horse breeding), the law presumes that you're in business to make a profit, unless the IRS establishes otherwise. Be sure to keep supporting documents for all expenses. 8.Claiming 100% Business Use of a Vehicle When you depreciate a car, you have to list on Form 4562 the percentage of its use during the year that was for business. Claiming 100% business use of an automobile is red meat for IRS agents. They know that it's rare for someone to actually use a vehicle 100% of the time for business, especially if no other vehicle is available for personal use. The IRS also targets heavy SUVs and large trucks used for business, especially those bought late in the year. 9.Engaging in Cash Transactions The IRS gets many reports of cash transactions in excess of $10,000 involving banks, casinos, car dealers and other businesses, plus suspicious-activity reports from banks and disclosures of foreign accounts. So if you make large cash purchases or deposits, be prepared for IRS scrutiny. Also, be aware that banks and other institutions file reports on suspicious activities that appear to avoid the currency transaction rules (such as a person depositing $9,500 in cash one day and an additional $9,500 in cash two days later). https://www.kiplinger.com/slideshow/taxes/T056-S001-20-irs-tax-audit-red-flags/index.html 24 Likes 8 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by SalamRushdie: 10:58pm On Nov 23, 2019 |
Nonsense !!! The US govt is not after Onyema because he made large purchases , infact they were aware from the onset that he had brought 20 million dollars into an American bank to buy an aircraft because he submitted a copy of his LC to them, the problem is that instead of using the money to buy the plane he now disbursed it it to various other account and that was were he breached their anti money laundering laws ... 276 Likes 26 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by Omoodua007: 11:01pm On Nov 23, 2019 |
Fake news They are after the criminal cause he presented fake documents 64 Likes 8 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by OruExpress: 11:02pm On Nov 23, 2019 |
My opinion Whether it's politicians, or businessmen, the ignorance we have of the US system while also wanting to participate in business with the US is dangerous. The United States is a very litigious, harsh country and ignorance of the law does not excuse a person in court. If you're going to engage in business with a country, know the laws, culture and mentality on the ground. I do believe race and origin (Africa) played a role because almost everyone in the United States does not believe there are wealthy people in Africa. They don't believe it, and they don't want to believe it. So, while all large transactions are flagged in the US, ones from African or Black hands are particularly flagged. The US has a long, difficult history with racism and when engaging with Americans, Nigerians can no longer be comfortable with fairy tale assumptions that you're dealing with someone that doesn't have a potentially malicious attitude towards you simply for being black and an Africa. We may even add Nigerian as Americans are not learning that Africa has different countries. Nigerians enter the world assuming all evil exists in Africa and all good comes from non-Africans. Because of this we are ill-equip, mentally, to do business with anyone outside of Africa and we're constantly caught by surprise when they show malice or ill intent. I don't know if there was bad intent in the Onyema situation. As a fact, I do know that this is regular protocol. But I can safely assume that Onyema thought Americans would be happy to see him spend money in their country, as most naive Nigerians world. Word of advice. The world is a world in competition. You cannot operate at a global level, assuming that the only people that don't want you to do well are the people in your village. Do not forget that Jaja of Opobo was detroned, arrested, exiled, and poisoned by the British, for trying to buy British boats. 412 Likes 30 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by princemillla(m): 11:08pm On Nov 23, 2019 |
Good write up. I learnt something new 30 Likes 1 Share |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by OruExpress: 11:15pm On Nov 23, 2019 |
SalamRushdie: You have not negated anything I've said. I'm thinking you didn't read the post 76 Likes 2 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by OruExpress: 11:17pm On Nov 23, 2019 |
Prediction: Onyema's matter will be over be Christmas, and Air Peace will be cleared of wrong doing. I will post (below) a series of billionaires being investigated and made to answer scrutinizing questions by the US congress. These are people that would otherwise be celebrated with god-like impunity in Nigeria. 62 Likes 5 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by OruExpress: 11:18pm On Nov 23, 2019 |
 Bill Gates: [img]https://image.shutterstock.com/image-photo/washington-dc-usa-march-3-260nw-1366582616.jpg[img] Warren Buffet:   If you don't recognize the third picture, it's Henry Ford being called to Congress during an audit of his business. The US system is working the way the US system works. While those in Nigeria are confused and believe this is a DSS/EFCC style 'hunt', the US is very careful about who has money, and how they're spending it in the country, and everyone operating at the billion dollar level is at constant battle with the Congress, Senate, and Internal Revenue Service. Most businesses in the US opt to keep the powers off their back by funding the campaigns of various politicians, buying ads with major media houses, and funneling earnings overseas or into charity. This is why Bill Gates is in Africa all the time trying to give you vaccines lol. I hope you're open to learning something new. 315 Likes 17 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by SalamRushdie: 11:18pm On Nov 23, 2019 |
OruExpress: The only problem is that he didn't use the money for what he said it was for , all he needed to do was pay for a plane and he failed but instead started breaking the money up and paying into various accounts of other individuals 56 Likes 10 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by hammerD: 11:19pm On Nov 23, 2019 |
OruExpress: THE WHITE MAN HAVE RESERVED CERTAIN AREAS OF OUR ECONOMY FOR THEMSELVES TO RETRIEVE THEIR DOLLARS. SOMETHING DEY CANNOT TRY WITH THE CHINESE. AVIATION TRANSPORTATION IS ONE OF THOSE AREAS. UNFORTUNATELY FOR THEM, AIR PEACE HAVE BEEN A SUCCESS STORY. EVEN GOING TO FLY NIGERIANS FROM SOUTH AFRICA WITH PRIDE. THIS IS WAT BLACKS ARE NOT SUPPOSE TO DO. BUT GOD WILL PUNISH THE WHITE MAN. 184 Likes 7 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by hammerD: 11:25pm On Nov 23, 2019 |
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| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by plaindealer: 11:26pm On Nov 23, 2019 |
Beginning in approximately May 2016, Onyema, together with Eghagha, allegedly used a series of export letters of credit to cause banks to transfer more than $20 million into Atlanta-based bank accounts controlled by Onyema. The letters of credit were purportedly to fund the purchase of five separate Boeing 737 passenger planes by Air Peace. The letters were supported by documents such as purchase agreements, bills of sale, and appraisals proving that Air Peace was purchasing the aircraft from Springfield Aviation Company LLC, a business registered in Georgia. The man facilitated funds to buy planes from himself/The bogus company he set up to prefect the scheme, but he doesn't manufacture or sell airplanes = Money laundering. Obvious scam, even a day old baby fit spot the scam from a mile away. 64 Likes 11 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by Omoodua007: 11:26pm On Nov 23, 2019 |
hammerD: Loool Coming from the people that came up with jubril from Sudan 80 Likes 8 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by hammerD: 11:26pm On Nov 23, 2019 |
EVER WONDERED Y, NIGERIA REFINERIES ARE NON-OPERATIONAL? EVER WONEDERED Y, WE HAVE NO OPERATIONAL STEEL PRODUCTION FACILITIES? WE ARE BUSY PAYING TO KEEP SOME WHITE MEN IN THE JOB BY NOT MAKING THESE THINGS BUT IMPORTING THEM. THIS IS Y OUR ECONOMY IS STAGNANT. ONCE THIS BUHARI GENERATION ARE GONE, ALOT OF THINGS ARE GOING WITH THEM. JUST LIKE THE CHINESE, WE WILL MAKE SUCH WE PLUG ALL THE HOLES IN OUR ECONOMY. 75 Likes 3 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by hammerD: 11:29pm On Nov 23, 2019 |
plaindealer: IF DEM LEAVE UNA. U WILL GO TO INDIA TO IMPORT KEKE-NAPE. U DONT HAVE SENSE, LEAVE THOSE THAT HAVE SENSE, U CANNOT. EVERYBODY IS A WHITE MAN TO U, INCLUDING THE INDIANS. IF THEM LEAVE IGBO, WE WILL START BUILDING AEROPLANES BY 2025. STELLA ODUAH WAS ALREADY MOVING IN DAT DIRECTION WITH THE AEROPLANE MAINTENCE FACILITIES SHE WANTED TO SITE IN ANAMBRA. 55 Likes |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by Akiara: 11:29pm On Nov 23, 2019 |
You want to go that way? The greatest jail sentence of cyber fraud is being held by 2 of your Y.A.R.I.B.A brothers who are serving 245yrs combined sentences. It means that they will be old and die 3 times each before they get freedom. Omoodua007: 62 Likes 2 Shares
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| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by OruExpress: 11:30pm On Nov 23, 2019 |
hammerD: You are very right. The way they see it, someone that owns an airline can move goods and weapons over boarders and thus has real power. You can also fly over zones they have blocked off for surveillance due to their illegal activity. Boats and airplanes are equalizers What they will do next is pressure the Nigerian Federal Government to destroy Air Peace internally. In 3 years someone, on this board will ask 'why doesn't nigeria have an airline', and blame it on 'black brain' and 'bad government'. This is why we study history...though most of Nigeria has chosen not to. 106 Likes 9 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by OruExpress: 11:33pm On Nov 23, 2019 |
SalamRushdie: I can't confirm that, but, again, you can't present 1 billion dollars for any purchase in the country. Odds are, if what you're saying is true, he sent the money, got the warning, then tried to retroactively break the money up. Either way, companies buy from other companies with credit and pay in installments, he was clearly not aware of this. 37 Likes 1 Share |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by hammerD: 11:33pm On Nov 23, 2019 |
OruExpress: I SAID, ALOT OF THINGS ARE GOING WITH THIS 1960s BUHARI AND OBJ GENERATION. FROM THE WAY, OUR GENERATION IS MAKING MUSIC VIDEO, U CAN SEE THAT WE WANT EVERYTHING AT WORLD CLASS LEVEL. WE AND THE EUROPEANS NA SHOULDER TO SHOULDER. IF DEY DONT LIKE IT, WE BRING RUSSIANS AND CHINESE. ANYHOW, THEY WANT IT, WE ARE READY. 48 Likes 4 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by Sirjamo: 11:34pm On Nov 23, 2019 |
Mr Onyema thought he could sell a dummy to the Americans by pretending to want to buy some aircrafts, but in reality, the money was meant to be diverted to his associates. He moved the money to America legally, and went ahead to distribute it illegally. That man should hire more security guard to protect him properly, his associates might want to get rid of him before he rats them out to the FBI!!! 66 Likes 10 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by Omoodua007: 11:36pm On Nov 23, 2019 |
Akiara: All the numbers you have stated are not up to 97 I have not even started with Asia where your kiths are rotting away especially Anambra and imo women 31 Likes 6 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by hammerD: 11:38pm On Nov 23, 2019 |
[s] Omoodua007:[/s] U LOVE IGBO SO MUCH, DAT IS ALL U WANT TO TALK ABOUT. U PREFER OUR WOMEN TO YOUR WOMEN, OUR FOOD TO YOUR FOOD. WE ARE TIRED AND FACING OTHER MATTERS NOT YORU-IGBO. REST! 55 Likes 3 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by Sirjamo: 11:45pm On Nov 23, 2019 |
hammerD:You don't know anything beyond this your tribal thrash! You're so pathetic. Gosh!!! 38 Likes 6 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by Akiara: 11:45pm On Nov 23, 2019 |
With all due respect. ....I solemnly ask that you stop commenting on issues you have no idea about. This isn't Tinubu ,kashamu, akande business.of mudslinging to show your tribalistic orgasm. This is a legitimate business that flouted the law of a foreign land. The incident is 100000times higher then your normal "ewedu and gbegiri" thinking. Did you see any Mc Oluomo party with aso-ebi in this thread? Abeg paddle you canoe!  Sirjamo: 42 Likes 1 Share |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by Wiseandtrue(f): 11:46pm On Nov 23, 2019 |
OruExpress:Who so they think they are  Going public without thorough investigation is a total dent to his image!!! Onyema should sue them for defamation of character ASAP 7 Likes 1 Share |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by OruExpress: 11:46pm On Nov 23, 2019 |
hammerD: If you're able to fight, and I mean fight literally, when they come, there's nothing you can do. Their power is based on perception of backdoor politics. Perception is convincing Africans they don't play backdoor politics, and the power is in playing it. After that is force, and if you can fight, you're free. They know why they have left Castro and the late Mugabe alone for decades. Only talking from a distance. Same with China and Russia. But the Chinese and Russians are not substitutes. Everyone is fighting and nobody is looking for friends (except Africans) 39 Likes 3 Shares |
| Re: Why Onyema Was Flagged By The US - Advice From A US Based Business Man. by Akiara: 11:51pm On Nov 23, 2019 |
Illiterate The 97 that where named are only IGBOs abi? In that list 4 YarI.ba have been busted and the reside in Ilorin, ibadan and Lagos. The rest have been decoded to be mostly YARIB.A yahoo boys using igbo names to commit. As regards Asia bring it...as I will really want to expose your actions worldwide. Omoodua007: 18 Likes 1 Share |
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