In 2006, USA Commercial Mortgage, a direct real estate lender financed by 3,000 investors whose investments were secured by property deeds, filed for bankruptcy. U.S. District Court Judge Robert C. Jones denied standing to all 3,000 lenders/investors, thereby wiping out their secured $600 million in assets. Donna Cangelosi, the secured property lenders’ spokesperson, discovered that USA had engaged in a series of nefarious activities in a Ponzi-like backend scheme. Judge Jones has continuously refused to hear Donna’s group’s petitions and has threatened legal action against her and the 3,000 investors. William Cohan, a legal adviser to Donna’s group, sought to have Judge Jones’s ruling overturned by the 9th Circuit. This is the true story of how 3,000 investors are being denied justice.
William A. Cohan has litigated in federal trial and appeals courts throughout the United States for the last 30 years. He has obtained more acquittals in criminal tax cases than any attorney practicing in the United States over the last 30 years (including 2 cases involving more than $10 million), secured several multi-million dollar verdicts and settlements for plaintiffs, and successfully defended against several multi-million dollar civil claims and forfeitures. The other twenty-five percent of his cases involve business disputes between individuals and non-governmental entities: he defends individuals, corporations, trusts, LLP’s, LLC’s, and partnerships in controversies concerning real estate, securities, business acquisitions, employment, banking and insurance. One essential element in William’s success over the last 30 years is and always has been investigating and discovering the larger context of a case.
You can contact William A. Cohan at 858-832-1632, or www.williamacohan.com