Ergur Hits Ohio Real Estate Co. With $50M Fraud Suit

Law360, Los Angeles (November 5, 2013, 4:17 PM EST) -- Ergur Holdings LLC hit Ohio real estate company The Spitzer Building Co. with a $50 million fraud lawsuit in California federal court on Monday, alleging SBC and its officers cheated the firm out of millions of dollars in connection with commercial building purchases and management.

The private equity group and Koray Ergur raise allegations that the defendants, acting as property managers for two separate buildings, colluded to take control of their operations and caused rental income to be deposited into their personal bank accounts, causing more...
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