The Firm is prosecuting a class action lawsuit on behalf of victims of a $145 million fraudulent real estate investment program called BioProfit funds, whose perpetrators were charged by the Securities and Exchange Commission with organizing a Ponzi scheme that defrauded hundreds of investors. The defendant in the case is a bank that stands accused of making its accounts available to the scheme, helping the BioProfit promoters perpetrate their fraud, and improperly transferring the investors’ money to the fraudulent program.

Liu et al. v. Wilmington Trust Company, Case No. 14-cv-6631 (W.D.N.Y. 2014).

If you have any questions about the lawsuit, please contact Paul Scarlato at scarlato@lawgsp.com for more information.