RICHMOND, VA (WWBT) - IRS and FBI agents raided the Shockoe Slip office of real estate developer Justin French this morning.
Agents were seen going through documents and hauling off boxes and computers on East Cary Street. An FBI spokesperson would not say why agents are investigating French.
The 39-year-old has renovated several city buildings using historic tax credits. Questions about the use of those credits has delayed several projects.
Tens of millions of dollars loaned to French from five local banks are also in jeopardy.