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Monday, February 27, 2006

San Francisco puts a bounty on property tax evasion

San Francisco attorney Wayne Lesser says he spent 15 years helping bring to light a case of property tax fraud, and the city never rewarded him. Future do-gooders may be luckier.

Under a law that went into effect last week, San Francisco can pay as much as $500,000 to watchdogs like Lesser who expose tax evasion by investors who hide the acquirement of property.

"This process is costing the city millions of dollars," assessor Phil Ting, 36, said in a telephone interview. "We are not going to tolerate any malfeasance or fraud."

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