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.
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Successful representation of California bank in complex mortgage foreclosure debt recovery action through state court and bankruptcy court in the Southern District of Florida, which resulted in the criminal indictment of the borrower´s principal for bank fraud.