What if I told you that you could stop paying income tax tomorrow, give your employees a massive raise, and it was all perfectly legal under the IRS code? That was the pitch for the 'Classic 105' program. It promised a revolution in medical benefits, but behind the luxury cars and high-rise offices, there were no loans, no insurance, and no real money—just a $25 million paper trail that led straight to federal prison. This is the story of the Total Financial Group, the executive who tried to hide the truth, and the $21 million judgment that brought it all crashing down.

Thanks for joining me for this episode! I’m a Houston- based attorney, run an HR Consulting company called Claremont Management Group, and am a tenured professor at the University of St. Thomas. I’ve also written several non-fiction political commentary books: Bad Deal for America (2022) explores the Vegas-style corruption running rampant in Washington DC, while The Decline of America: 100 Years of Leadership Failures (2018) analyzes – and grades – the leadership qualities of the past 100 years of U.S. presidents. You can find my books on Amazon, and me on social media (Twitter @DSchein1, LinkedIn @DavidSchein, and Facebook, Instagram, & YouTube @AuthorDavidSchein). I’d love to hear from you!

As always, the opinions expressed in this podcast are mine and my guests’ and not the opinions of my university, my company, or the businesses with which I am connected.