NOTICE TO THE IRS

The ASC97-D5 judgement declares REMIC violations for the trust. This should revoke the trust's tax exempt status. Now, you guys can collect 10 years of backtaxes, plus interest and penalties since the inception of the trust. As this is a multi-billion dollar trust, this means that the tax liability will be in the hundred of millions of dollars.

Rather than reporting the REMIC status violation to the IRS and paying the taxes owed, ORIX used this information in an attempt to extort money from Nomura and hope that no one would remember the "significant adverse tax consequences" when they lost. Fortnately, this federal court judge (like all other federal court judges, i.e. the Wachovia case, the Love Funding case, the Channin case, the Peachtree case, and so on) caught on to their scam and denied their claims and pointed out the tax problem of the trust created by ORIX.