Stoltmann Law Offices
10 S. LaSalle Street
Suite 3500
Chicago, IL 60603
ph: 312.332.4200
fax: 312.332.4201
www.InvestmentFraud.PRO
Andrew@StoltLaw.com

Andrew Stoltmann discussed the resignation of SEC Chairman William Donaldson on CNN’s Lou Dobbs Tonight. 

Berthel Fisher and Company Financial Services Arbitration, Attorney, Class Action, Fraud, Law Firm, Lawsuit, Lawyer

Our attorneys are investigating Berthel Fisher and Company Financial Services fraud involving the sale of high-risk tenant-in-common (TIC) exchanges.
Berthel Fisher solicited investments in TICs that may have been inappropriate for some investors. In particular, we continue to examine Berthel Fisher and Company Financial Service’s role in a wide-ranging Ponzi scheme in which investors were defrauded out of about $600 million.

The firm with headquarters in Marion, Iowa, was implicated in a 2010 lawsuit filed in federal court. A trustee for DBSI, Inc., which filed for bankruptcy in 2008, sued in 2010 to regain about $49 million in commissions from tenant-in-common (TIC) exchanges. Berthel Fisher and Company Financial Services is said to have made more than $5.5 million in commissions on the sale of DBSI’s TIC exchanges, the highest amount of the more than 90 firms accused of profiting from TICs offered by DBSI.

The lawsuit states that the DBSI exchanges sold by Berthel Fisher and others were, in reality, being used to pay back old DBSI investors. Newer investors in this type of real estate ownership were being defrauded, as their TIC purchases were the only source of returns for previous investors, according to the lawsuit.

If you lost money in this scenario, or on other speculative TICs offered by the firm, chat with one of our Berthel Fisher and Company Financial Services lawyers. To receive a no-obligation consultation on a possible lawsuit or arbitration, contact the Law Offices of Andrew Stoltmann at:

10 S. LaSalle, 35th Floor
Chicago, IL 60603
312.332.4200
www.InvestmentFraud.PRO