A rural county near Charlottesville is suing a Richmond financial firm it worked with for more than 15 years.
The State Corporation Commission opened an inquiry into the Tetra Companies, a defunct real estate investment group based in Virginia Beach.
Hirschler Fleischer is named in a lawsuit related to an alleged Ponzi scheme.
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.