Real Estate Developer Convicted in $1.3 Billion Tax Case After Juror Removed
- Jack Fisher found guilty over $1.3 billion in phony deductions
- Lawyer James Sinnott also convicted but appraiser acquitted
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A real estate developer was convicted for promoting $1.3 billion in fraudulent tax deductions after a judge removed a deliberating juror who told the judge she was “standing up for White people.”
Jack Fisher was found guilty Friday in Atlanta federal court of selling tax deductions to wealthy individuals using so-called syndicated conservation easements, which offer tax breaks for the promise to avoid developing land. Prosecutors said Fisher relied on exaggerated appraisals and backdated documents in the scheme, which earned him tens of millions of dollars.