Last April, we told you the story of Richard Goldman, the singer/songwriter who found out that not one, but two albums of his songs were released without his knowledge or permission. The LPs were issued as part of tax shelter deals, a common practice from 1976-1984. Albums of this sort were ostensibly designed to fail; vinyl collectors later dubbed them “tax scam records.” This article is the first in a two-part examination of the label that set the standard for issuing tax shelter albums. It’s a company that was started by one of the most infamous figures…
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