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Americas Watchdog Says Homebuilding Industry is a House of Cards and Could Face Billions in Un-Paid Federal Taxes and Construction Defects
If Homebuilders & the Homebuilding Industry thought they had it bad with a real estate bubble going pop; a two year investigation by Americas Watchdog & its Corporate Whistleblower Center just made matters much worse for this vital sector of the US economy. The investigation revealed massive federal & state tax fraud on the part of national, regional & local homebuilders hiring undocumented workers who then get classified as 1099 "subcontractors". The investigation also begs the question if the workers do not read or write English, how do they build a home or abide by local or State building codes? Millions of US "new home" purchasers should now be asking this question. (PRWeb Oct 19, 2006) Trackback URL: http://prweb.com/pingpr.php/WmV0YS1IYWxmLVBpZ2ctQ3Jhcy1JbnNlLVplcm8=