Allegedly Dirty Venture Capital Co. Enters Chapter 11

Law360, New York (May 28, 2008, 12:00 AM EDT) -- Prompted by a government seizure of allegedly embezzled attorneys' fees, an Orlando, Fla., venture capital group has filed a voluntary petition for Chapter 11.

Mirabilis Ventures Inc. lodged its bankruptcy forms Wednesday in the U.S. Bankruptcy Court for the Middle District of Florida, citing both assets and liabilities in the range of $50 million to $100 million and estimating 100 to 199 creditors.

Elizabeth A. Green of Latham Shuker Eden & Beaudine LLP, which is representing Mirabilis in its bankruptcy proceedings, said Thursday that the government's...
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