CHPL recovered nearly $15 million from an escrow company that had received funds in connection with a massive Ponzi scheme orchestrated by Gina Champion-Cain and American National Investments (“ANI”) in San Diego, California. CHPL represented a group of 49 clients who had lent money to ANI to finance California Department of Alcohol and Beverage Control license transfer transactions. The victims’ funds had been deposited with a local escrow company before being released to ANI pursuant to fraudulent escrow instructions. CHPL obtained the settlement through a mediation with the escrow company (ANI is now in a federal receivership). The United States District Court for the Southern District of California granted a motion for good faith settlement determination and approved the settlement on August 26, 2020.
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