Most have settled just to get this out of their lives, simply didn't care anymore, or they were enticed into an agreement based on the IRS presentation of the facts. Settlement is a one way door with no backing out. However, due to personal situations, this option may be the best. This effort is being pursued on two fronts, one by the partnerships as a whole and the other by individual partners. Some partners have retained the services of a lobbyist to help pass legislation for IRS interest abatement as well as other laws and regulations to help the defrauded partners.
Partners are between the proverbial rock and the hard place.
There currently are no formal settlement discussions with the IRS, only a total disallowance of deductions and addition of income as a result of the fraudulent investment. There are no other options. If partners are not successful in their efforts, several hundred lives will be physically and financially ruined more than they already have been to this point. There will be an increase in the welfare rolls, just for trying to make an investment in their future. Mindconnection is hosting this site with the hope that aggrieved citizens and the government may work toward a conclusion that is equitable and just.