Defense of Investor Sued by Chapter 7 Trustee for Ponzi Scheme Bankruptcy Estate
Cole, Paul M. and Lisa
Representation of individual good faith lender/investor in the notorious Capitol Investments Ponzi scheme perpetrated by the infamous Nevin Shapiro. As a result of receiving substantial distributions from Capitol, our client was sued by the chapter 7 trustee for the Capitol Investments bankruptcy estate on claims of usury and for receipt of fraudulent transfers as Ponzi scheme "false profits." We negotiated a favorable settlement of less than forty percent of amount trustee sought to recover.
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Representation of an energy company in its $9.45 billion all-cash acquisition of another energy company, resulting in the creation of the largest utility holding company in the United States.
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...