Victims of Ponzi schemes and other forms of investment fraud frequently face the tragic reality that their hard-earned capital may be lost entirely. But in the case of iCap, a Washington-based real estate investment firm that failed to create return on or repay more than $250 million to around 1,800 investors, Corr Cronin attorney John Bender is working to create a more just outcome.
Bender has been appointed by the bankruptcy court Special Litigation for the Official Committee of Unsecured Creditors in iCap’s Chapter 11 bankruptcy. He is working to prove that iCap operated a Ponzi scheme, and to ensure that its investors receive compensation as the company now goes through bankruptcy.
These efforts are covered in a recent Seattle Times article. The story has been tracked in several other local and national news outlets.
Related:
- Seattle Times: Bellevue real estate firm ran a Ponzi scheme, say bankruptcy filings
- Seattle Times: Bellevue real estate investment firm faces bankruptcy, fraud allegations
- Law360: Chinese Investors Say Wash. Brothers Bilked Them Of $150M
Corr Cronin LLP is a leading boutique litigation law firm based in Seattle, Washington. Founded in 1999, the firm is known for its exceptional trial advocacy, strategic thinking, and relentless dedication to its clients’ success. Corr Cronin represents clients across a wide range of industries in complex civil litigation matters including commercial litigation, intellectual property disputes, product liability claims, and professional liability defense.
March 11, 2024