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Berthel Fisher and Company Financial Services

Our attorneys are investigating Berthel Fisher and Company Financial Services fraud involving the sale of high-risk tenant-in-common (TIC) exchanges.

Berthel Fisher solicited investments in TICs that may have been inappropriate for some investors. In particular, we continue to examine Berthel Fisher and Company Financial Service’s role in a wide-ranging Ponzi scheme in which investors were defrauded out of about $600 million.

The firm with headquarters in Marion, Iowa, was implicated in a 2010 lawsuit filed in federal court. A trustee for DBSI, Inc., which filed for bankruptcy in 2008, sued in 2010 to regain about $49 million in commissions from tenant-in-common (TIC) exchanges. Berthel Fisher and Company Financial Services is said to have made more than $5.5 million in commissions on the sale of DBSI’s TIC exchanges, the highest amount of the more than 90 firms accused of profiting from TICs offered by DBSI.

The lawsuit states that the DBSI exchanges sold by Berthel Fisher and others were, in reality, being used to pay back old DBSI investors. Newer investors in this type of real estate ownership were being defrauded, as their TIC purchases were the only source of returns for previous investors, according to the lawsuit.

If you lost money in this scenario, or on other speculative TICs offered by the firm, chat with one of our Berthel Fisher and Company Financial Services lawyers.

Client Reviews
Working with Joe was an absolute pleasure considering the unfortunate situation I was dealing with! He’s very knowledgeable and easy to communicate with. He kept me informed in all aspects of my case in a timely manner. Whenever I contacted him with a question he responded quickly. His expertise came through for me! I would highly recommend him! Joanne
I hired Joe and his firm Stoltmann Law office to represent me in a case where my investment guy had lost a substantial amount of money in my account. He invested in some very speculative energy stocks which should not have been in my portfolio due to my request for a very conservative investment portfolio. I was very impressed and satisfied with the representation and negotiations on my behalf by Joe and Stoltmann Law offices and I would definitely recommend them to anyone who would be in need of a very fine firm. Anonymous
Never having a need to file suit against anyone, let alone a major multi-national brokerage firm, I was at a loss to find a legal firm to assist me. After much searching, I found Stoltmann Law Offices, PC. They were very diligent and professional in the handling of my case and I am glad that I retained their services. I would definitely refer them to anyone seeking similar help. Donald F.