EquiAlt Real Estate Securities Ponzi Scheme Complaint

July 21, 2020

The sales agents were unlicensed, the securities were unregistered, the investors were not accredited, and the investors’ money did not go where they thought it would go: This was EquiAlt and its Ponzi scheme, says the complaint for this class action. The first defendant is Paul Wassgren, who was a partner, at different times, at each of the other two defendants, DLA Piper, LLP (US) and Fox Rothschild, LLP.