Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

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.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...