Let the fun begin. I particularly like the characterization of 1031 failure as a Ponzi scheme:
Class action suit targets LandAmerica, SunTrust | Richmond Times-Dispatch
A $330 million class-action lawsuit accuses LandAmerica 1031 Exchange Services and Sun Trust Banks Inc. of defrauding clients by using their money to pay off other clients.
The lawsuit, filed Wednesday in U.S. District Court for the Southern District of California by four LandAmerica clients on behalf of about 400 customers, characterizes the companies’ actions as a Ponzi scheme.
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Did they invest the clients’ money with Madoff???