The State Corporation Commission opened an inquiry into the Tetra Companies, a defunct real estate investment group based in Virginia Beach.
Law
Suit tries to drag Richmond law firm into Idaho scam
Hirschler Fleischer is named in a lawsuit related to an alleged Ponzi scheme.
Developer files for Chapter 11
Under pressure from a lender, a big local developer filed for personal bankruptcy protection.
Wanted: Disgruntled investors
Questions about the financial state of a local REIT have class action attorneys across the country smelling blood.
Investment firm to pay fines in SEC settlement
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.
Justin French’s other scam?
Abusing historic tax credits wasn’t the only scheme developer Justin French might have had his sleeve.
The Justin French saga ends
The formerly high-flying developer is sentenced for a massive real estate tax credit fraud, and the judge does not go easy on him.
In family bankruptcy, the math didn’t work
Even one of Richmond’s most prominent families could not sustain a lifestyle that was running a $20,000 deficit every month.
French bankruptcy approved
A U.S. bankruptcy judge has approved the involuntary bankruptcy petition against fallen developer Justin French.
SEC names Richmond CEO in Ponzi scheme suit
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.