Lawyers for Russian Treasury Fraud Victims Seek to Claw Back $1.4M in Lawyer Fees
Lawyers for an investment advisory firm that fell victim to a scheme to defraud $230 million from the Russian treasury want Baker & Hostetler, which represented a real estate firm that was accused of taking part in the scheme, to cough up $1.4 million in attorney fees.
May 17, 2017 at 06:02 PM
22 minute read
Lawyers for an investment advisory firm that fell victim to a scheme to defraud $230 million from the Russian treasury want Baker & Hostetler, which represented a real estate firm that was accused of taking part in the scheme, to cough up $1.4 million in attorney fees.
Baker & Hostetler previously represented Prevezon Holdings, a real estate firm accused of helping to launder funds from the treasury fraud—including investing a portion of it in luxury apartments in Manhattan—that was the target of a civil forfeiture and money laundering suit prosecuted by the U.S. Attorney's Office for the Southern District.
Late last week, Prevezon and the Southern District both announced that the parties reached a $5.9 million settlement to close the case.
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