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US Lawmaker Urges SEC Action Against Arkansas Firm Accused of Selling Fake Tax Credits
Summary by Arkansas Business
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US Lawmaker Urges SEC Action Against Arkansas Firm Accused of Selling Fake Tax Credits
White River Energy Corp. of Fayetteville faces fresh federal scrutiny in relation to its allegedly fraudulent sale of tribal tax credits that the IRS doesn’t recognize. U.S. Sen. Ron Wyden, D-Ore., the ranking member of the Senate Finance Committee, has asked SEC Chair Paul Atkins to consider taking steps to delist the publicly traded company. Wyden said in a letter dated Jan. 29 that the company’s tax-credit sales are the subject of a federal c…
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