White Collar Crime Messner Reeves Salt Lake City Managing Partner Accused of Stealing $10M from Escrow Deposits for Fraudulent Loan Provider
"It's a very unusual thing for borrowers to take out huge sums of money to be able to borrow money," the plaintiffs' attorney Howard W. Foster said about the Utah lawsuit. "It's backwards; you have to put up a ton of money in order to borrow money. I've never heard of anything like that. It's not going to stop until the court steps in."
July 29, 2024 at 02:14 PM
5 minute read
Legal Ethics and Attorney Discipline
The managing partner of commercial litigation firm Messner Reeves' Utah office has been named in two federal lawsuits accusing him of racketeering for allegedly stealing more than $10 million in escrow deposits from borrowers who made deposits to "a sham lender" without regulatory approval to issue loans.
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