Douglass and Peggy Jennings
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J. Douglass Jennings Jr., a tax planner who went bankrupt and was disbarred, but continued practicing as an accountant, today (September 11) pleaded guilty to bankruptcy fraud and and tax evasion.

Jennings, a resident of Rancho Santa Fe, has been a high-profile planner, at one time advertising heavily on Roger Hedgecock's radioshow, when it was going. Like many of his ilk, he played the religion theme, claiming he was a "faith-based" lawyer. He and his wife, Peggy, who is in real estate, were a team. She pleaded guilty to bank fraud on August 16. Among other things, she admitted that she had forged her mother's signature and transferred funds into her mother's account to make it appear that the mother was rich.

Some may wonder why it has taken the federal government so long. In 2013, bankruptcy court judge Louise DeCarl Adler charged Jennings and his wife with "embezzlement and/or larceny" in a transaction with "fraudulent and/or felonious intent." Judge Adler said the Jennings' actions were "willful and malicious." The Adler letter was sent to the U.S. Attorney's office. TheReader has followed this couple's activity since 2014, and a number of people inquired about why he and she had not been nailed.

J. Douglass Jennings Jr. pleaded guilty to concealing $1.453 million in assets in the couple's Chapter 7 bankruptcy (liquidation) filing. Jennings admitted that he owes the Internal Revenue Service $5.9 million. The maximum penalty for bankruptcy fraud is five years of imprisonment; that is also the maximum penalty for tax evasion.

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Visduh Sept. 11, 2017 @ 7:55 p.m.

I'd guess that any funds or other wealth he managed to hide in Bankruptcy are long gone. So, to stay out of jail he would have to find some way to pay his criminal defense attorney(s). That he was an attorney doesn't mean he knows squat about criminal defense. The practice of law nowadays is very specialized and compartmentalized. To stop the misery, he and wife cop pleas. She'll probably avoid jail. He might get a short term in one of the nearby "country club" federal slammers. And hey, three hot meals, a cot, and some medical/dental care might be a welcome respite from his anxiety-ridden current existence.

It wasn't more than two or three months ago that I heard, for a week or two, some AM radio ads from the "Jennings Tax" group done by Mark Larson. He made a personal testimonial about the approach taken by Jennings wherein you decide how much tax you want to pay, and the firm then devises a strategy to make it happen. Yeah, right!

Isn't it amazing how long some of these grifters, and those who aid and abet them, can keep these things going?


Ponzi Sept. 12, 2017 @ 9:32 p.m.

He probably has some loot overseas and buried in coffee cans.


Don Bauder Sept. 13, 2017 @ 1:31 a.m.

Ponzi: The first column I did on him in 2014 pointed out that he had real estate assets in the Cayman Islands. Our headline suggested there might be more to that. Best, Don Bauder


Don Bauder Sept. 11, 2017 @ 8:55 p.m.

Visduh: Unfortunately, I guess I am not surprised that Mark Larson of AM760 was touting Jennings a few weeks ago. I had done 6 columns and items on what bandits Jennings and his wife are, beginning in 2014. Today's item is number 7. The Reader fingered him as a crook long before his disbarment and bankruptcy, Judge Adler's statement about the married couple, and a lot of other smelly matters.

Larson, of course, can say he doesn't read the Reader, and he probably doesn't. Still, a radio station should engage in some introspection about taking ads from a guy who has been disbarred, is in Chapter 7 bankruptcy, and the bankruptcy court's Judge Adler has fingered him for "embezzlement and/or larceny." Best, Don Bauder


MURPHYJUNK Sept. 12, 2017 @ 7:24 a.m.

Larson seems to wear a permanent smirk


Don Bauder Sept. 12, 2017 @ 7:42 a.m.

Murphyjunk: That could be true. Best, Don Bauder


Visduh Sept. 12, 2017 @ 8:09 p.m.

A very long time ago, I enjoyed Mark on KFMB. He did dead-on impressions of Carter and Reagan that some folks thought were real. Back then he had a sense of humor that came through. He even was their program director, working for Paul Palmer "Colonel Kuff-mubb" when he was general manager. But Mark went to a Christian station in east county, and I generally lost track of him, except that he would occasionally do an ad for some operation or another and it would run on one of the AM stations I follow. It's possible that current KFMB management didn't connect the Jennings dots, and may have been unaware of the disbarment. Or maybe the revenue was what mattered. Who knows?


Don Bauder Sept. 12, 2017 @ 9:20 p.m.

Visduh: I believe it is 100% revenue. After all, today's talking business/investment heads on radio buy their way on to the air by bringing advertising with them. That stinks, too. Best, Don Bauder


AlexClarke Sept. 12, 2017 @ 7:11 a.m.

Religious people are always a good target for scams. They are so willing to believe "one of their own". All one has to do is bone up on religious speak and you will be automatically accepted into the particular religious clan.


MURPHYJUNK Sept. 15, 2017 @ 7:59 a.m.

"Religious people are always a good target for scams. "

if they weren't, the collection basket would come back empty


Don Bauder Sept. 15, 2017 @ 3:22 p.m.

Murphyjunk: I have always suspected that one guy in San Diego was pilfering the contents of the collection plate every Sunday, so the church came up empty. Best, Don Bauder


Don Bauder Sept. 12, 2017 @ 7:47 a.m.

AlexClarke: Yes, religious people often fall for scams. There are a couple of reasons. First, their willingness to swallow religious dogma without thinking about it makes them vulnerable to cons. Second, as you point out, they will often go for anything touted by a member of their sect. Thus they are vulnerable to affinity scams.

It's also true of people who can be hypnotized. Skeptical people are hard to hypnotize. Best, Don Bauder


Ponzi Sept. 12, 2017 @ 9:34 p.m.

Your first paragraph described the entire state of Utah.


Don Bauder Sept. 13, 2017 @ 1:29 a.m.

Ponzi: Yes, the so-called "Jack Mormons" prowl Utah. Since Mormons trust other Mormons, they get conned by cons claiming to be Mormons. Of course, some Mormons are con artists, too.

To wrap this up, there is almost no state regulation in Utah. The Feds have offices there, but I don't know how effective they are. At least one head of a Utah multi-level marketing pyramid has his money stashed abroad -- in Liechtenstein, I believe. I have written about it for the Reader. Best, Don Bauder


SportsFan0000 Oct. 3, 2017 @ 1:30 p.m.

Utah is the multi level marketing pyramid scheme capital of the country...Dozens of MLMs operate their home base and start up in Utah..Utah State laws shield MLM pyramid schemes from liability..

Hubert Humphrey, allegedly, got many of his multi level marketing pyramid scheme type insurance outfits going with the help/assistance of many Mormons in Utah...a hot bed of such activities and very suseptible to "Affinity Marketing schemes" (AL Williams, PrimAmerica, World Markeing Alliance, World Financial Group and more...


Don Bauder Sept. 24, 2017 @ 8:08 p.m.

J. DOUGLASS JENNINGS JR. SENDS LETTER TO CLIENTS, SAYS WILL TRANSFER OWNERSHIP OF FIRM TO ITS PRINCIPALS, AND WANTS TO CONSULT FOR IT WHEN HE GETS OUT OF THE HOOSEGOW. J. Douglass Jennings Jr., who pleaded guilty to bankruptcy fraud and tax evasion, has sent a letter to his clients stating, "We have agreed to effect a transition in ownership from me to the principals of our firm." (His wife pleaded guilty to bank fraud in August.) Douglass says he intends "to continue to work as a consultant to the new firm" although "I will be sentenced to some form of incarceration on December 11, 2017." Best, Don Bauder


SportsFan0000 Oct. 3, 2017 @ 3:55 p.m.

Boy, I sure want some of my investment funds with a husband and wife team getting ready for a stretch in Club Fed (NOT).


sdgal Jan. 18, 2018 @ 6:27 p.m.

This is unbelievable! It appears the Jennings have NOT been incarcerated. When the next court date for sentencing?


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