The federal government has frozen the assets of a local investment adviser, as the Securities and Exchange Commission has accused him of running a Ponzi scheme that allegedly bilked 60 investors out of nearly $5 million.
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
For its first geographical expansion in years, a Shockoe Slip-based law firm is headed for Chesterfield County.
The co-founder and former CEO of defunct Richmond blood testing firm Health Diagnostic Laboratory has agreed to pay an eight-figure sum into the company’s bankruptcy estate, nearly three years to the day after it fell into Chapter 11.
The nation’s largest credit union is expanding its presence in the Richmond market.
A local nonprofit is on the hunt for its fifth CEO in eight years, as it parted ways with its top boss this week. Meanwhile, a movement is afoot among supporters to urge the return of the organization’s founders.
A recent arrival to the Richmond banking scene is further beefing up its local presence.
A handful of parties have thrown their hats in the ring to potentially take over day-to-day operations of the county-owned Belmont Golf Course in Henrico. The county said last week it received five submissions to a “request for information” it put out in early May, seeking ideas from outside companies to operate and maintain the… Read more »
A downtown wealth management firm’s real estate investment spinoff has closed out its latest eight-figure fund – and already is putting the money to work.
A bank building and an acre of land in the suburbs soon will be up for grabs as a big national player is pulling another pin out of its map of Richmond-area locations.
A hired gun of sorts is being brought in by the trustee overseeing the bankruptcy case of MGT Construction, as the hunt continues for assets to repay creditors of the defunct local general contractor. Harry Shaia, the Chapter 7 trustee tasked with recovering money to fill MGT’s eight-figure debt hole, in a filing last week… Read more »