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The SEC today charged a Minneapolis attorney and two San Francisco-area real estate lending fund promoters with misleading investors by concealing the financial collapse of the fund's sole business partner. Attorney Todd Duckson was counsel to the Capital Solutions Monthly Income Fund, which made real estate loans to a single borrower, Hennessey Financial. The fund raised $74 million from about 450 investors nationwide between 2005 and 2009, according to the SEC complaint.
September 22, 2010 at 12:00 AM
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The original version of this story was published on Law.Com
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