It has been a tough month for law firms looking to be paid for their work on the receivership case connected to WexTrust Capital, a Chicago-based real estate investment firm that collapsed in 2008 after the Securities and Exchange Commission charged two of its executives with running a Ponzi scheme that defrauded 1,200 primarily Orthodox Jewish investors.
According to the SEC, WexTrust Capital illegally diverted $100 million of the $255 million it raised to invest in commercial real estate, commodity funds, and South African diamond mines for other purposes.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
