A horse seized in a tax fraud case was sold back to its owner after authorities realized how much it cost to look after: report
The US Government sold a $750,000 showjumping horse back to its owner for just $25,000 after realizing it would cost too much to look after,Authorities initially seized the horse, called Lex, after its owner, the Atlanta accountant Jack Fisher, was indicted by the Internal Revenue Service in connection withFisher had bought the horse, a 15-year-old Holsteiner, for his daughter Christina.
Bloomberg reported that federal agents soon realized it would cost between $45,000 to $50,000 a year to feed and care for Lex, excluding medical costs.
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