News from Banks Law Office | Blog

For many real estate investors, a Delaware Statutory Trust (DST) is marketed as a seamless way to transition from active property management to passive, reliable income through a 1031 exchange. Unfortunately, for those who invested in the Hopper Lofts DST, that promise of stability has recently vanished. At Banks Law Office, we are closely monitoring…

Banks Law Office is representing an investor who invested in Grapevine DST in an action against the broker-dealer responsible for selling that investment. Investor Alert: The State of IHC Grapevine DST in 2026 If you are an investor in the Inspired Senior Living of Grapevine DST, the landscape has shifted dramatically over the past year.…

As the bankruptcy proceedings for Inspired Healthcare Capital Holdings, LLC (“the Debtor”) and its 160 affiliated entities continue to unfold in the Northern District of Texas, a significant new development has emerged. On March 13, 2026, the Debtors filed a motion that signals a major shift toward investigating the prepetition conduct of their primary broker-dealer,…

Banks Law Office has brought FINRA Arbitration claims against a broker-dealer regarding Inspired Senior Living of Hamilton DST. For many investors, Inspired Senior Living of Hamilton DST was marketed as a stable, income-producing vehicle perfect for a 1031 tax-deferred exchange. However, recent developments—including a February 2, 2026, Chapter 11 bankruptcy filing—have left investors facing significant…

On February 2, 2026, Inspired Healthcare Capital (IHC) and 160 affiliated entities filed for Chapter 11 bankruptcy protection in the Northern District of Texas. For the thousands of investors who funneled over $1.2 billion into IHC’s Delaware Statutory Trusts (DSTs) and private investment funds, this filing confirms what many have feared since distributions were abruptly…

If you’ve discovered that your “guaranteed” investment was actually a Ponzi scheme or that your financial advisor lied about where your money was going, the feeling of betrayal is overwhelming. But in Oregon, you have a powerful ally that many other states don’t offer: ORS 59.115. Oregon’s securities laws (often called “Blue Sky Laws”) are…

If you invested in the Prestige Funds and are now facing collection efforts from your bank, you may be more than just a victim of a Ponzi scheme—you may have a legal claim against the financial institutions that financed it. Our firm is currently investigating the role of banks in the Prestige Funds Ponzi scheme.…

For thousands of investors across the United States—many of them retirees seeking stable income—the recent news surrounding Inspired Healthcare Capital (IHC) has been devastating. On February 2, 2026, the Scottsdale-based private equity firm specializing in senior housing filed for Chapter 11 bankruptcy protection in the Northern District of Texas, alongside over 160 affiliated entities. The…

Banks Law Office, along with co-counsel, filed a proposed class action lawsuit regarding a Ponzi scheme perpetrated by Prestige Funds and Paramount Management Group. Prestige Funds raised money from investors purportedly to purchase ATM machines that would be managed and operated by Prestige’s affiliate, Paramount Management Group. Investors were promised handsome profits in exchange. Unfortunately,…

Thomas Paul Madden and Jeremy Tyler Grabow were indicted in January of 2025. The indictment alleges that those individuals perpetrated a Ponzi scheme through the entities Cascade IR and Savitar Systems LLC. Specifically, Madden and Grabow allegedly took more than $23 million from more than 200 investors. Madden and Grabow allegedly told investors that Savitar…