The most important recent development in the government’s long battle against abusive syndicated conservation easements. what I call the industry based on nonsense, has to be the outcome of the trial of Jack Fisher, James Sinnott and Clay Weibel. The jury convicted Fisher and Sinnott on multiple counts, while acquitting Weibel. Fisher and Sinnott may be facing very long sentences. The most interesting part of the story is what went on with the jury, but we’ll look at the big picture first.
About Syndicated Conservation Easements
Three years ago the Senate Finance Committee issued a report on syndicated conservation easement transactions. It was a bipartisan effort. In the news release on the report Republican Senator Chuck Grassley remarked:
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