Investor lost $560,000.00 from fraud activities of developer in real estate condo rehab project.
1) 3/2006: closing occurred. Investor paid 20% down payment ($650 K) and was a silent partner.
2) Developer paid no down payment and was solely responsible to acquire/manage/service
construction loan, do condo conversion/sale in 18 months and give 60% profit to Investor.
3) 12/2007: Investor was forced to exit project, due to fraud activities of developer and avoid
bank foreclosure , in exchange for promissory note for $650 K from developer (just the down
payment, forfeit expected profit)
4) 2/2008: Because of developer's breach of the Release, investor filed suit in the Circuit Court of
Cook County. Developer paid only $104 K in certain installments.
5) 5/2011: Court entered an agreed judgment in favor of investor.
6) 12/2011: Developer voluntarily filed a petition for relief under Chapter 7
7) 4/2013: Bankruptcy court denied developers's Bankruptcy protection due 90 days restriction of
judgement award.
8) 12/2015: Bankruptcy court gave final report of the case and distributed developer's collected
assets to creditors. Investor was awarded only $48 K as final settlement.
9) Investor incurred $62 K in legal fees during 2007 - 2015 .
10) Investor disclosed $560 K investment loss in 2015 federal to be captured at the rate of $3 K
annually
11) Developer is hiding assets under third party.

Investor wondering any attorney who could pursue fraud case on contingency or otherwise.