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ClassicStar Principals Plead Guilty To US$500m Fraud
The US Department Of Justice announced ClassicStar principals David Plummer, Spencer Plummer & Terry Green “have pleaded guilty to charges of conspiracy to defraud the US through a fraudulent tax shelter under the ClassicStar Mare Lease Program” reported bloodhorse.com. The DOJ noted “the investors in the mare lease program filed tax returns with the IRS claiming false tax deductions of more than US$500 million, resulting in a tax loss to the government of over US$200 million”.