Feds Charge 3 In $15M Litigation Investment Scheme

Law360, Los Angeles (April 18, 2012, 7:39 PM EDT) -- Federal prosecutors in New York charged three men on Wednesday with bilking $15 million from hundreds of people who believed their money would be invested by private equity firms in personal injury litigation.

Peter Liounis, Ruslan Rapoport and Roman Tsimerman are accused of orchestrating three fraudulent investment schemes between December 2008 and April 2012, U.S. Attorney Loretta E. Lynch said in a statement.

Liounis, 40, is charged with wire fraud, Tsimerman, 64, is charged with money laundering and Rapoport, 37, is charged with conspiracy to commit...
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