Are you a customer of PFGBest? The CCC is working with regulators and monitoring the court on behalf of PFG customers. At this stage, we are advising customers to gather their statements and prepare for a claims or account transfer process.
The Commodity Customer Coalition submitted a letter to the IRS requesting guidance for taxpayers who were victims of the PFGBest fraud. In particular, the CCC seeks guidance as to whether or not PFGBest account holders can claim their losses due to the fraud as theft losses using Revenue Ruling 2009-9 and Revenue Procedure 2009-20, put into place to assist victims of the Madoff Ponzi scheme.
Please view the letter and supporting documents below.
Are you a customer of MF Global? The CCC formally represents more than 200 clients in the bankruptcy process of MF Global on a pro bono basis, and informally represents thousands more in the public domain.