Saturday, January 9, 2021

Accountants Plead Guilty in Syndicated Conservation Easements Case

Https___specials-images.forbesimg.com_imageserve_5f5133a45bf2fcbb2058a4e8_0x0And the Atlanta Journal-Constitution reports the latest major development relating to conservation easement deductions. Two accountants have plead guilty to conspiracy to defraud the United States through promoting syndicated land conservation easements. The scheme they promoted allegedly resulted in more than $1.2 billion in fraudulent charitable deductions. It will be interesting to see whether in exchange for sentencing leniency (the charge carries a sentence of up to 5 years in prison) the accountants provide important evidence relating to their clients and other promoters.

Lloyd Mayer

https://lawprofessors.typepad.com/nonprofit/2021/01/accounts-plead-guilty-in-syndicated-conservation-easements-case.html

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