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United States Securities and Exchange Commission v. Equitybuild, Inc. et al
Case Number:
1:18-cv-05587
Court:
Nature of Suit:
Judge:
Firms
- Bernstein Shur
- Boodell & Domanskis
- Bryan Cave
- Darcy & Devassy
- Dickinson Wright
- Dressler Peters
- Duane Morris
- Dykema Gossett
- Field & Goldberg
- Goldberg Kohn
- Labaton Keller
- Latimer LeVay
- Loeb & Loeb
- Maddin Hauser
- McGuireWoods
- Michael B. Elman & Associates
- Rachlis Duff
- Seyfarth Shaw
- TottisLaw
Companies
Government Agencies
Sectors & Industries:
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December 01, 2022
Accounting Firm To Pay $3M To Avoid Claims In Fraud Scheme
A Texas accounting firm that did tax and clerical work for a company accused of defrauding Chicago real estate investors has agreed to pay the company's receivership $3 million to head off claims regarding its role in the scheme, according to a motion filed in Illinois federal court.
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October 29, 2019
SEC Says No Bankruptcy For Real Estate Ponzi Vehicle
The U.S. Securities and Exchange Commission hit back on Tuesday against a group of banks' request to move the liquidation of alleged Ponzi scheme vehicle Equitybuild Inc. out of district court and into bankruptcy court, calling it a "rank attempt at forum shopping."
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August 31, 2018
Firm Can Get Fees Despite Receivership, Judge Says
An Illinois federal judge on Friday granted a law firm's bid to collect $20,000 in retainer fees for work performed leading up to and during a hearing in which he ordered a receivership over a real estate investment company accused of running a Ponzi scheme, saying the firm's request is fair and reasonable.
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August 28, 2018
'Securities Fraudster' Money Can't Pay Law Firm, SEC Says
The U.S. Securities and Exchange Commission urged an Illinois federal judge Tuesday to disregard Braganca Law LLC's bid for attorneys' fees in a suit claiming real estate investment firm Equitybuild Inc. is really just a $135 million Ponzi scheme, saying "securities fraudsters cannot use investor proceeds to fund their legal defense."
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August 20, 2018
SEC Secures TRO, Receiver In Alleged $135M Ponzi Scheme
An Illinois federal judge signed off on a receivership order and a temporary restraining order against Equitybuild Inc. on Friday, barring the real estate investment firm from soliciting more investors as it faces a U.S. Securities and Exchange Commission suit alleging that the firm is nothing more than a $135 million Ponzi scheme.
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August 16, 2018
Real Estate Investment Co. A $135M Ponzi Scheme, SEC Says
The U.S. Securities and Exchange Commission filed a complaint against real estate investment firm Equitybuild Inc. and its father-son owners on Wednesday, accusing them of running a $135 million Ponzi scheme that ensnared about 900 investors with promises of double-digit returns.