Fainsbert Mase Attys Conducted $20M Loan Fraud, Suit Says

Law360, Los Angeles (September 25, 2013, 6:18 PM EDT) -- An asset-based loan provider launched a lawsuit in California state court Monday alleging law firm Fainsbert Mase & Snyder, two of its attorneys and others conducted a $20 million scheme to secure loans through fraud from multiple financial institutions.

Gemcap Lending I LLC claims the defendants had a long-term, systematic scheme to secure loan financing through misrepresentations, of which GemCap is the latest victim. GemCap says the conspiracy was principally led by Mario Ernst and Fainsbert Mase attorneys John Mase and Jerry A. Brown, who used...
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