Securities Lawyers Blog
For years, EcoVest Capital promoted investments that promised significant tax benefits through syndicated conservation easement transactions. Many investors were attracted by the opportunity to generate large charitable deductions while simultaneously participating in land conservation projects. However, those investments have become the subject of extensive scrutiny by the Internal Revenue Service, the Department of Justice, and the United States Tax Court.
Today, many investors who participated in EcoVest-sponsored offerings are facing audits, penalties, interest assessments, and uncertainty regarding the tax benefits they were originally told they could expect.
What Is a Syndicated Conservation Easement?