Democrat Eyes SkyBridge, Others in Opportunity-Zone Probe (1)

Senate Finance Committee Chairman Ron Wyden is targeting Anthony Scaramucci’s hedge fund SkyBridge Capital, accounting firm Baker Tilly and others in an investigation into whether Opportunity Zones investments are benefitting low-income areas as intended.

Wyden sent letters Thursday to several organizations that have invested in Opportunity Zones -- low-income areas where investors can qualify for large capital-gains tax breaks for providing funds for real estate and business. In addition to SkyBridge Capital and Baker Tilly, Wyden also sent to Cresset Partners, Hatteras Sky, PTM Partners, Related Group and Shopoff Realty Investments.

“I have long been concerned ...