Professional Financial Investors (Professional Investors Security Fund)

The firm is creditors’ committee counsel in the chapter 11 bankruptcies of Professional Financial Investors and its primary fund, Professional Investors Security Fund. In May 2020, the debtors became the target of a federal investigation for alleged financial misconduct and operating a long-running Ponzi scheme. The debtors sought bankruptcy protection after the firm assisted petitioning creditors in filing an involuntary chapter 11 petition against PISF. The case features approximately 60 parcels of improved real estate, approximately 1,000 investors, and total investments of $550 million.

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