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Warren Capital Fraud Case Fees Climb to $818,000

March 24, 2015, 07:09 AM
Filed Under: Fraud
Related: Fraud

According to an article posted on The North Bay Business Journal website, attorneys and accountants working on the Warren Capital fraud case billed a total of more than $818,000 through January 2015, according to new documents received by The North Bay Business Journal.

The North Bay Business Journal previously reported billings were $577,000 through December 2014. According to the article, fees and expenses billed in January alone totaled $241,044, according to the latest documents.

The report cites how the professional fees will reduce funds available to investors who lost an estimated $11 million in a Ponzi scheme allegedly perpetrated by Warren Clayton Stephens, the late owner of Warren Capital Corporation and subsidiary Warren Equipment Finance, both previously based in Novato, CA.

To read The North Bay Business Journal article "Warren Capital Fees climb to $818,000", published on March 23, 2015, click here.

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