Jailed Tax Preparer Ran $35M Ponzi Scheme, NY AG Claims

Law360, New York (May 18, 2012, 4:04 PM EDT) -- A New York tax preparer indicted Monday for allegedly operating a Ponzi scheme was sued Thursday by the state's attorney general, who alleges the plot fleeced hundreds of real estate and stock investors of more than $35 million.

Bronx man Robert H. Van Zandt duped unwitting investors into making risky bets on development ventures he owned or controlled through his tax preparation company, Van Zandt Agency Inc., according to the lawsuit by New York Attorney General Eric T. Schneiderman.

Van Zandt is in custody and faces...
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