Problem Solvers on Facebook
ENTER NOW: Win $600 on CBS 6 at 6:30 a.m. this week

Richmond developer indicted, accused of cheating system

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Billy G. Jefferson

RICHMOND, Va. ( – A local developer and prominent Fan District landlord was formally indicted Tuesday, more than four months after his arrest on charges of cheating Virginia’s historic tax credit system.

A grand jury indicted Billy G. Jefferson Jr. on two counts of forging and uttering public records. A trial is slated for Nov. 15.

Jefferson, head of Historic Property Management (formerly River City Real Estate), is accused of gaming the state’s historic tax credit system by submitting falsified reports to the Virginia Department of Historic Resources in February of last year. When he was arrested in April, police said his misrepresentations amounted to “over $2 million in tax fraud.”

Click here to