Quote:
Originally Posted by manaboutown
I found the comments quite interesting. One outlined the timeline of events and alleged that one individual or entity scooped up many of the tax free bonds at substantial discounts and then sold them back at par when they were redeemed, making a bunch of bucks.
The lawyer fees may end up amounting to more than the IRS eventually obtains in settlement but IMHO the lawyers have earned their pay.
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Amount of legal fees that have been expended on the IRS audit of the Village Center Community Development District Recreational Revenue and Utility Revenue Bonds.
Since March 2008 through November 12, 2015, the fees expended are as follows:
Archie Lowry $69,053.33
Lewis Stone $ 2,640.00
Bruce Serchuk $ 41,451.50
Perry Israel $387,068.75
TOTAL $500,213.58