Buyers of Dubious Tax Credits Seek Legal Help, Law Firms Say

Two investment fraud law firms say they are getting more requests from buyers of so-called sovereign tribal tax credits that the Treasury Department and IRS have said don’t exist.

California-based Bakhtiari & Harrison, P.C. and Florida-based Goodman & Nekvasil, P.A both set up alerts about the arrangement and are offering to represent people who bought the credits.

White River Energy Corp. and third-party promoters have been selling the credits to wealthy investors, Bloomberg Tax first reported in December 2024. The client alerts come as a Florida couple who sued White River and a wealth advisory firm that helped ...