New York lawyer disbarred after admitting litigation funding scam

A New York state court has disbarred the founder of litigation finance firm Cash4Cases, who will be sentenced next month in federal court for his role in a multimillion-dollar securities fraud scheme. Manhattan prosecutors said last year that Jaeson Birnbaum “conned investors through a series of lies about Cash4Cases.” The government alleged he used the company to take cash for himself, despite telling investors he was using funds to back litigants.

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Danske Bank ex-CEO cleared in $322 mln investor lawsuit over Estonia case

Danske Bank’s former chief executive Thomas Borgen has been cleared by a Danish court of any liability in a shareholder claim for approximately $322 million brought by Deminor on behalf of 155 institutional investors for losses linked to Danske Bank’s involvement in one of the world’s largest money-laundering scandals.

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