French said he was not at the office at the time of the raid, in which agents collected boxes of documents and computers. French said he was contacted shortly thereafter by two federal agents who informed him that they had executed a search warrant for his office.
“I was not told why they went in, and I wasn’t charged with anything,” French said.
French said he did not wish to speculate on what was being investigated.
“It would be unwise for me to make public statements at this time,” French said, adding that he was seeking full legal representation in the matter.
French said he cooperated with the agents who briefly questioned him.
“I don’t think I have done anything wrong,” French said. “I have handled things in a proper manner and will be cooperative in whatever process needed to show that.”
Neither the FBI nor the IRS has made public statements as to why French is being investigated. Several sources say investigators are most likely looking for evidence that French committed fraud to obtain lucrative historic tax credits.
Al Harris covers commercial real estate for BizSense. Please send news tips to [email protected]