VesCor Receiver Sues More Attys Over Ponzi Profits

Law360, New York (May 5, 2009, 12:00 AM EDT) -- The court-appointed receiver in a government case against a real estate firm accused of operating a $180 million Ponzi scheme has sued law firm Woodbury & Kesler PC, in an ongoing effort to retrieve what the government calls unlawful payments to parties that did business with VesCor Capital Corp.

Woodbury & Kesler is at least the second firm targeted in connection with the U.S. Securities and Exchange Commission's case against VesCor in the U.S. District Court for the District of Utah.

Among the lawyers at the...
To view the full article, register now.