L.A. Appraiser Accused of Cutting Home Values $172 Million
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A former Los Angeles appraiser was charged with lowering the property values of wealthy home and business owners by $172 million in return for campaign contributions to County Assessor John Noguez.
Scott Schenter, 49, was arrested today in Beaverton, Oregon, and is being held on $1.5 million bail, Los Angeles County District Attorney Steve Cooley said in a statement. The arrest is part of an investigation into allegations that Noguez cut property values of wealthy clients of a tax consultant and campaign contributor, Cooley said.