Racehorse Breeding Tax Shelter Operators Plead Guilty

Federal authorities say three men have pleaded guilty to conspiracy charges in a scheme that allowed wealthy people to get tax benefits from investments in Thoroughbred horse breeding.

The U.S. attorney’s office for Oregon said Monday the scheme cost the federal government $200 million in tax revenue.

Acting U.S. Attorney Kent Robinson says the scheme was nationwide.

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Federal authorities say three men have pleaded guilty to conspiracy charges in a scheme that allowed wealthy people to get tax benefits from investments in Thoroughbred horse breeding.

The U.S. attorney’s office for Oregon said Monday the scheme cost the federal government $200 million in tax revenue.

Acting U.S. Attorney Kent Robinson says the scheme was nationwide.

The government identified the three men as David Plummer; his son, Spencer Plummer; and an accountant, Terry Green

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