Background
In 1950, Schiff graduated from the University of Connecticut with a Bachelor of Science degree in accounting and economics.
After college, Schiff was in the insurance brokerage business in Connecticut. In connection with his business, he was involved in a tax shelter in which he became the victim of a Ponzi scheme in which he lost his money and the money of his clients. In 1968 he testified before the Senate Committee on Banking and Currency in opposition to the removal of gold backing from Federal Reserve Notes. In 1976, he published a book entitled The Biggest Con: How the Government is Fleecing You. Schiff was a candidate for the Libertarian Party presidential nomination in 1996, and he participated in a Libertarian Party debate in Washington on July 5, 1996.
Schiff has a web site named "PayNoIncomeTax.com", which has previously offered his various books for sale. He is featured in Hollywood producer Aaron Russo's 2006 film America: Freedom To Fascism.
Read more about this topic: Irwin Schiff
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