Chicago Real Estate Investment Partner Pleads Guilty to $10 Million Fraud

Posted on May 30th, 2014 at 10:48 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Matthew Stoen, a former Chicago real estate investment partner, was charged with ripping off more than $10 million from more than 50 investors.

He allegedly carried out a financing scheme by fraudulently raising millions of dollars through the offer and sale of limited partnership interests and through loans.

Stoen is the founder and the managing general partner of Stone Rose LP. He represented to investors and lenders that funds invested in Stone Rose would be used for real estate investment projects in the Kansas City area, as well as for certain Stone Rose fees and expenses. However, he misappropriated a portion of the funds for his own use.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

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