Forbes has published an article, “Fourth Class Action Suit Against Syndicated Conservation Easement Promoters,” which discusses a class action lawsuit against a multi-year fraudulent scheme by a group of “supposedly” independent and respected professionals.. The article begins as follows:
Another class action lawsuit is hitting the beleaguered syndicated conservation easement industry. As in the other three, which are covered here, here and here, David Deary is the lead attorney. The case is Hoover et al v Strategic Capital Partners, LLC et al and the complaint was filed in the United States District Court for the Northern District of Georgia. None of the twenty odd defendants that I could locate have responded to my requests for comment, so we are left with a pretty one-sided story.
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Posted by David Brito, Associate Editor, Wealth Strategies Journal.