Paramus, NJ – A New Jersey Certified Public Accountant (CPA), Ofer Gabbay, has admitted to his role in a scheme that helped wealthy clients cheat on their taxes. Gabbay pleaded guilty yesterday to conspiring to defraud the United States by promoting illegal tax shelters, which allowed his clients to claim massive, unwarranted tax breaks. What Happened? Between 2018 and 2019, Gabbay, along with others including Jack Fisher, James Sinnott, and their assistant Kate Joy, pushed what are known as "syndicated conservation easement" tax shelters. So, what's a "syndicated conservation easement"? Normally, a "conservation easement" is a legitimate way for landowners to get a tax break. It involves donating the development rights of their land to a charity, ensuring the land remains undeveloped and preserved. In return, they can claim a charitable contribution tax deduction, which reduces their taxable income. However, the "syndicated" vers...