Tax Atty, Ex-Partner Hit With SEC Suit Over Litigation Fund

By Pete Brush (April 15, 2016, 3:21 PM EDT) -- Securities regulators hit a tax lawyer, his litigation-funding and marketing business and his former business partner Friday with a suit in California federal court alleging they raised $11.7 million from 250 investors to finance class actions but instead used the booty to pay personal income taxes, buy a condo and make Ponzi payments to backers....

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