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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
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Alexander is a very detailed , highly educated attorney. Alexander represented me in a breach of Fiduciary and breach of contract case with a bank. Great job, great recommendations from Alexander on what to do and how to react to their nonsense and lies. we won the cases. Alexander really takes the time to make sure everything is done correctly and within the law. Mike M.
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