September 26, 2013
A Delaware federal judge ruled Wednesday that most of the securities fraud claims, albeit narrowed considerably, can go forward against many of the broker-dealers who allegedly helped defunct real estate investment firm Diversified Business Services & Investments Inc. pull off a $500 million Ponzi scheme that sent it into bankruptcy.
June 27, 2012
The litigation trustee for bankrupt real estate investment firm DBSI Inc. filed an investor lawsuit against a host of broker-dealer firms in Delaware federal court Wednesday, accusing them of aiding DBSI officials in conducting a $500 million Ponzi scheme.