Appraiser Lowers Home Values $172 Million for Wealthy Homeowners’ Tax Breaks

Appraiser Scott Schenter, 49, accused of lowering the home values for the wealthy.

Where is Robin Hood when you need him?  There’s a new character on the scene and he’s widening the privilege of the rich and deepening the hole for the poor.  Did you know there are folks out there that can make your home worth whatever they want it to be worth?  And depending on the price they put on your home, it will determine the tax you pay on the property.

Scott Schenter, 49, was an appraiser that allegedly helped raise campaign funds for the L.A. County Assessor John Noguez, campaign by lowering the values of the homes of the wealthy in exchange for campaign contributions, according to the L.A. Times.  The home values lowered totaled $172 million.  The L.A. County District Attorney Steve Cooley believes that Schenter got caught, but he isn’t alone in his enterprise:

“The magnitude of Schenter’s suspected betrayal of public trust is almost inconceivable…We believe his actions are not isolated.”

Schenter claims that Noguez promised him a promotion, but he also strong-armed him into his illegal activity by applying “brutal” pressure.  He resigned just before being fired in January 2011 after his supervisor caught him falsifying records.  He’s been charged on 60 felony counts for falsifying records.

Read more here.

-J.C. Brooks

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