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Drudge Retort: The Other Side of the News
Tuesday, February 18, 2025

Even as he has vowed to eliminate "every dollar of waste, fraud, and abuse across the federal budget and operations," the new acting administrator of the General Services Administration, Stephen Ehikian, has appointed a senior adviser whose firm used to specialize in tax transactions that a bipartisan Senate committee excoriated and that the IRS branded as "abusive" and among "the worst of the worst tax scams."

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"The GSA, the federal agency responsible for managing the government's land and property, will now be taking advice from Frank Schuler IV, the 57-year-old co-founder and longtime president of Ornstein-Schuler, an Atlanta-based real estate investment company.

Schuler's firm was for years among the most prolific promoters of tax-shelter deals known as "syndicated conservation easements."

Details of the scam at the link... but basically he did something similar to what Trump himself does; he over valued properties, then profited from the over valuation.

They could be bros.

#1 | Posted by Corky at 2025-02-18 10:29 AM | Reply

Don't be fooled by what they say.

Watch what they do.

"syndicated conservation easements."

Gigantic tax scam. Give them $30K, get a tax deduction of $120K. This is where the REAL WASTE AND FRAUD is.

#2 | Posted by Nixon at 2025-02-19 09:27 AM | Reply

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