Charges against Richmond developer stem from 1 week

Bill Jefferson partnered with Justin French on the Tobacco Factory rehab. (Photo by Michael Schwartz)

Bill Jefferson partnered with Justin French on the Tobacco Factory rehab. (Photo by Michael Schwartz)

By David Larter

RICHMOND, Va. (RichmondBizSense.com) – A developer arrested for allegedly forging tax credit documents is facing a minimum of 16 years in prison if convicted on all counts.

Billy G. Jefferson Jr., the head of River City Real Estate, faces eight counts of forgery. Each count carries a two-year minimum and 10-year maximum sentence, meaning he could face up to 80 years if convicted.

Jefferson’s charges stem from documents submitted to the Department of Historic Resources in a bid to get tax credits on four rehabbed buildings, according to a statement released Thursday by the agency.

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