Real estate group admits tax cheating

June 27, 2008 06:53AM

A New York real estate group pleaded guilty to commercial property tax fraud. Prosecutors said the 45 Realty Associates group cheated New York City out of about $180,000 over six years by filing false documents about the value of its Manhattan public parking garage. Because of a legal loophole, the company was fined only $20,000.


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