Fort Lauderdale attorneys won a rare federal civil RICO verdict against two fund managers who defrauded about 1,800 German investors.
February 26, 2016 at 12:00 AM
1 minute read
Fort Lauderdale attorneys won a rare federal civil racketeering verdict against two property managers they claimed defrauded German investors of about $9 million.
A jury awarded $17.5 million in damages against Dale Wood and Gunter Gies on Feb. 17. The pair worked for limited partnerships set up to pool money from 1,800 Germans and invest it in U.S. real estate.
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