Real Estate Co. Accuses Adviser Of $32M Financing Fraud

Law360, Dallas (May 20, 2013, 7:37 PM EDT) -- A real estate firm launched a suit in Texas state court Friday seeking to hold a financial adviser liable for an alleged $32 million fraud perpetrated by his brother to fund a California condominium project, alleging the adviser lent credibility to the fraud and abetted his brother.

Falcon Capital Partners LP, operating as Scala Real Estate Partners, alleges Jason B. Woods, the managing partner of Missouri-based DEW Wealth Strategies LLC, knew his brother W. Ryan Woods didn't have the money to fund an investment in Scala's...
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