Receiver’s High Attys’ Fees Draw Fire In WexTrust Case

Law360, New York (August 3, 2011, 8:13 PM EDT) -- A New York federal judge expressed serious concerns Wednesday about whether it was fair to investors swindled by the founders of WexTrust Capital LLC to let a high-priced law firm represent the receiver recovering money for the Ponzi scheme victims.

“I'm deeply concerned about the fees in this case,” said U.S. District Judge Denny Chin, who noted that some victims had gotten his email address and sent some of their grievances about attorneys' fees directly to him. “The numbers are not good.”

Judge Chin made his...
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