Robert Smith, who admitted receiving $1.5 million of the $3 million Matson was caught stealing, paid the money back and has not been charged criminally or civilly.
Matson ‘co-conspirator’ surrenders law, CPA licenses over LandAmerica scandal
LandAmerica
Former LeClairRyan attorney Matson starts 44-month sentence immediately
A key question during Monday’s hearing was why the former attorney and bankruptcy trustee would steal millions of dollars only to let the funds sit unspent in a bank account.
LandAmerica bosses headed to trial
A federal bankruptcy judge’s decision clears the path for a trial to determine whether the bosses at LandAmerica were so incompetent during its demise that they should pay damages to creditors.
LandAmerica workers will finally get their share
A long-awaited court decision will free up a portion of the severance promised to former employees of the collapsed firm.
Former LandAmerica bosses slapped with $365M suit
A new lawsuit is trying to dig deep into the pockets of former LandAmerica brass, including some big Richmond names.
Chamber exits workforce development, cuts 1 job
Kim Scheeler, president and chief executive, said the organization is stepping back from workforce development so as not to complicate the efforts of the newly formed board. As a result, one position was eliminated. The Chamber is focusing more on high speed rail, according to Scheeler.
Hurry up and wait: How much will LandAmerica’s 1031 customers recover?
The saga keeps getting worse for 450 former LandAmerica customers who last fall tried to complete a simple real estate deal and now can’t get funds they thought would be safely held for a few months by the formerly Richmond-based Fortune 1,000 company.
LandAmerica jet goes to auction
After flying high on the mortgage boom, LandAmerica took a nosedive when the title company filed for bankruptcy last year. With the company grounded, it apparently no longer has a need for the corporate jet, a 1999 Hawker Beechcraft 400A. The jet, owned by LandAmerica subsidiary Beech Fly LLC, will be auctioned by Martin Air… Read more »
Was LandAmerica’s 1031 business a Ponzi Scheme?
The gloves have come off as former LandAmerica customers fight to retrieve money they gave to the company to hold for a few months. Lawyers representing former customers of LandAmerica’s 1031 Exchange business have filed two class action lawsuits against the company, alleging that the Richmond-based firm committed fraud and was using money from new… Read more »
Henrico’s plan
Qimonda, LandAmerica, Circuit City, Genworth. Four of the major corporations and private employers in Henrico County have shed at least 5,000 high-paying jobs. And it’s likely to get worse before it gets better, says Leonard Cake, the county’s director of economic development. Still, the county has more than 20,000 businesses, and as of November the… Read more »