Under pressure from a lender, a big local developer filed for personal bankruptcy protection.
Questions about the financial state of a local REIT have class action attorneys across the country smelling blood.
Wunderlich Securities, a Tennessee-based investment firm that entered the Richmond market in November, has reached a settlement with the SEC related to allegations of overcharging its clients.
Abusing historic tax credits wasn’t the only scheme developer Justin French might have had his sleeve.
The formerly high-flying developer is sentenced for a massive real estate tax credit fraud, and the judge does not go easy on him.
Even one of Richmond’s most prominent families could not sustain a lifestyle that was running a $20,000 deficit every month.
A U.S. bankruptcy judge has approved the involuntary bankruptcy petition against fallen developer Justin French.
Two local financial firms and their CEO are named in a civil suit filed by the SEC for running an alleged $7.7 million Ponzi scheme.
Plus the first details come out of what assets French might have, and they include $25,000 from a Las Vegas casino.
Julius Everett “Bud” Johnson pleaded guilty in federal court in a suit that charged him with conspiracy to commit mail, wire and bank fraud, and engaging in unlawful monetary transactions.