Stay updated with breaking news from Levine Kellogg. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Facing a situation unlike any he had ever encountered, a Florida attorney appointed to protect the assets of a software developer that had been raided by the FBI turned to an arcane tool to transform its defrauded investors into shareholders of a new $11 million company.
Share this article Share this article LOS ANGELES, April 22, 2021 /PRNewswire/ -- In the wake of a $690 million Ponzi Scheme engineered by actor Zachary J. Horwitz against investors nationwide, Miami-based law firm Levine Kellogg Lehman Schneider + Grossman (LKLSG) filed a class action complaint on April 20, 2021, against Horwitz, his company 1inMM LLC and their bank, City National Bank. The lawsuit was brought on behalf of four investors who allege that Horwitz offered promissory notes with guaranteed returns of between 35% and 45%, telling investors that he would use the proceeds fr...