$100 Million Real Estate Fraud Trial: Not Guilty

Santa Monica and all of Southern California

Mr. Randolph represented one of five defendants in a federal real estate fraud prosecution in Los Angeles. This complex case centered on an alleged scheme to provide insurance for bridge loans for housing projects valued at over $100 million. Given its complexity, Mr. Randolph recommended that all defendants submit to a court trial by the judge rather than a jury. However, no one agreed, so Mr. Randolph convinced the judge to conduct a court trial as to his client only while the jury decided the facts with respect to the co-defendants. After a five-month trial, the jury convicted all co-defendants ... but the judge acquitted Mr. Randolph's client!