Law Group Didn't Red-Flag 1031 Buyer's Misdeeds, Jury Hears

Law360, San Francisco (August 26, 2013, 9:58 PM ET) -- Silicon Valley Law Group failed to warn the owners of a real-estate investment firm about a potential buyer's fishy borrowing habits before he was convicted of a $126 million Ponzi scheme, the firm's attorney told a jury Monday in opening statements in their malpractice case against the law group.

SVLG and its high-ranking mergers & acquisitions partner, Jim Chapman, should have told 1031 Advance owners Janet Dashiell and Steven Allred that their top suitor, Edward Okun, had been known to borrow money from the other investment...
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