Driver stuck under tractor-trailer

Charges against Richmond developer stem from 1 week

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

By David Larter

RICHMOND, Va. ( – 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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