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Friday, March 1, 2024 | Back issues
Courthouse News Service Courthouse News Service

Where’s the Money? Investors Ask

BROOKLYN (CN) - In a long-running fraud, Philip Barry and The Leverage Group stole nearly $700,000 from investors and used it to buy himself dozens of properties in New York, five investors claim in Federal Court.

Plaintiffs say Barry took their money, promised them 12.5% returns and strung them along with a series of lies while buying 35 properties for himself.

Defendants include The Leverage Group, Leverage Option Management Co. Inc., North American Financial, Philip Barry LLC, and Philip Barry, all of Brooklyn.

Plaintiffs are represented by Robert Marchese.

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