Real estate developer Jack Fisher has been sentenced to 25 years in prison for selling $1.4bn in fraudulent charitable deductions and cheating the IRS out of $458m in taxes. Mr. Fisher used exaggerated appraisals and backdated documents to deceive the IRS. He earned millions of dollars from the scheme and will now have to pay $458m in restitution. Mr. Fisher’s network of attorneys and accountants guaranteed charitable deductions to investors of at least four times more than the amount they put into deals known as syndicated conservation easements. His co-defendant, attorney James Sinnott, is also facing sentencing. The syndicated deals were banned by legislation signed by President Joe Biden in 2022. The case is US v. Lewis et al, 21-cr-00231, US District Court, Northern District of Georgia (Atlanta).
