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Tue, 09/23/2014 - 3:02pm

Prosecutor: Convicted developer hoarded cash

RICHMOND, Va. (AP) — A former developer has been sentenced to 20 years in prison for fraudulently obtaining tax credits and then plotting to flee the country while he was supposed to be liquidating assets to raise money to repay his victims. Prosecutor Michael Gill said Tuesday that Billy Gene Jefferson was awaiting sentencing for the $12 million tax credit scheme when he engaged in a "breathtaking campaign" of obstruction.

 

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