1031 Tax Group Trustee Sues Over Real Estate

Law360, New York (September 8, 2008, 12:00 AM EDT) -- The Chapter 11 trustee for The 1031 Tax Group LLC has lodged an adversary case against several defendants including businessman Edward H. Okun, who is currently incarcerated and awaiting trial after being accused of misappropriating more than $130 million to fund a lavish lifestyle.

The eight-claim complaint, filed Friday in the U.S. Bankruptcy Court for the Southern District of New York on behalf of Chapter 11 trustee Gerard A. McHale, centers on real estate in New Hampshire, and asks that at least $5.1 million of the...
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