CBRE settled a class action lawsuit for $100 million over a recession-era embezzlement scheme that involved Florida office properties and scores of elderly investors. The class action lawsuit was settled last month with 179 plaintiffs, according to Law360. The case stemmed from a scheme in which Cabot Investment Properties executives Carlton Cabot and Timothy Kroll swindled money from the victims who invested in a tenant-in-common structure involving six Florida office buildings. Four of the properties […]
source https://therealdeal.com/miami/2018/09/05/recession-revisited-cbre-settles-class-action-suit-for-100m/#new_tab
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