Fifty-one investors have won an $18.9 million case against two developers who, a jury concluded, swindled them out of millions through investing in six Atlanta area properties. Since the case was tried in federal court in Atlanta under the federal Racketeer Influenced and Corrupt Organizations Act, the $6.3 million verdict will be trebled. Also included: court costs and attorney fees.
October 15, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Fifty-one investors have won an $18.9 million case against two developers who, a jury concluded, swindled them out of millions through investing in six Atlanta area properties.
Since the case was tried in U.S. District Court in Atlanta under the federal Racketeer Influenced and Corrupt Organizations Act, the $6.3 millon verdict will be trebled. Also included: court costs and attorney fees.
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