NJ Accountant Pleads Guilty in $1.3 Billion Green Tax Fraud Case
- Ralph Anderson says he knew deals were ‘too good to be true’
- Four cooperators helping against indicted promoter Jack Fisher
This article is for subscribers only.
A New Jersey accountant pleaded guilty to participating in a scheme to sell $1.3 billion in fraudulent tax deductions supposedly aimed at preserving green space.
The accountant, Ralph Anderson, sold partnerships in deals known as syndicated conservation easements, which the Internal Revenue Service says are often fraudulent tax shelters. The IRS has audited at least 28,000 taxpayers who claimed $21 billion in deductions through those kinds of deals.