Number	17236
Subject	Real Estate
Source	The Bulletin (Bend, OR)
State	OR
Year	2000
Publication Date	September 24 - 28
Summary	Reporters discovered that Oregon rancher Walter J. Hoyt, who sold land to thousands of people across the United States, had a monopoly based on "inflated land values and a herd of "phantom cattle" that existed only on paper." "The Internal Revenue Service, while it couldn't or wouldn't shut down Hoyt, nailed unsuspecting investors for back taxes, interest and penalties." This series unveiled the circumstances regarding Hoyt's business and attempted to seek justice for victims involved.
Category	Contest Entry
Pages	57
Keywords	land investors;tax schemes;Internal Revenue Service
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