On Stand, Broker Attacks Spector Gadon's $1M Fraud Claim

Law360, Philadelphia (September 18, 2012, 9:10 PM EDT) -- Southwest Securities Inc. broker Leighton Stallones told a federal jury Tuesday that civil allegations he helped a now-bankrupt real estate developer perpetrate a million-dollar fraud on Philadelphia law firm Spector Gadon & Rosen PC were untrue.

Stallones, who is accused of misrepresenting the value of accounts belonging to developer Stephen Jemal, emphasized that he never shared details about Jemal’s accounts with a Spector Gadon attorney and that emails purportedly sent from his account were forgeries. The firm contends that Stallones’ deceit prompted it to advance nearly...
To view the full article, register now.

Related

Sections

Case Information

Case Title

SPECTOR GADON & ROSEN, P.C. v. JEMAL et al


Case Number

2:11-cv-01478

Court

Pennsylvania Eastern

Nature of Suit

Other Statutes: Racketeer/Corrupt Organization

Judge

JOEL H. SLOMSKY

Date Filed

March 2, 2011

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.