A class-action claiming that the promoters of syndicated conservation easements knew from the outset that their deals violated tax laws is a new legal avenue for aggrieved investors as the Internal Revenue Service and the Justice Department grind through their own crackdowns.
The investors’ attempt to use the Racketeer Influenced and Corrupt Organization Act “is a hard battle,” probably aimed at forcing a settlement, said Frank Agostino, founder and president of Agostino & Associates P.C. who was previously an attorney for the IRS and the federal government.
But the class action case, which he and other attorneys said appears to ...
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