Bloomberg Tax
Jan. 7, 2020, 11:02 PM

Land-Donation Promoter Says Justice Stalling on Fraud Lawsuit

Kaustuv Basu
Kaustuv Basu
John Dunbar
John Dunbar

A promoter of land-conservation deals sued by the Department of Justice more than a year ago accused the government of delaying the case because it doesn’t have enough evidence necessary to back up its fraud claims.

The government filed suit in December 2018 against EcoVest Capital Inc. and related parties alleging that 96 tax-advantaged land transactions, known as syndicated conservation easements, put together by the Georgia-based promoters over 10 years, led to more than $2 billion in improper tax deductions by investors who bought pieces of the deals.

The company and the DOJ submitted a joint filing Jan. 7 asking ...

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