The former Portland developer is asking a court to put a Pennsylvania case on hold so he can focus on the fraud charges.
Michael Liberty
Posted inMaine, sj-web
Lawsuit claims investment fraud
Two women are claiming a local law firm schemed with a former Portland developer to defraud investors of nearly $50 million. Their class-action lawsuit filed this week in federal court cites another ongoing lawsuit against businessman Michael Liberty. Rather than target Liberty himself, it goes after Portland attorney George Marcus and his firm, Marcus Clegg. […]
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Posted inMaine, sj-web
Former Portland developer Michael Liberty once again in SEC’s crosshairs
PORTLAND — Former Portland developer Michael A. Liberty is in legal trouble again, facing charges that he and four others tricked investors into putting about $50 million into a technology startup and then using the money to pay for what federal regulators call a “lavish lifestyle.” Liberty, his wife, his Portland lawyer, a cousin, the […]
Posted inMaine, sj-web
Three Maine housing companies with ties to Michael Liberty file for bankruptcy
Three Maine companies that own apartments that lease to the elderly, disabled and low-income residents have filed for bankruptcy. The companies are all seeking Chapter 11 bankruptcy protection, which will allow them to try to reorganize their debts and then resume normal financial operations. The holdings of the companies – Pine State Housing, Montfort Housing […]
Posted inMaine
Feds: Sentence for Michael Liberty should be example for political donors
PORTLAND — Federal prosecutors will recommend that prominent developer and entrepreneur Michael Liberty serve six months in jail or under home arrest for illegally masking $22,500 donations to a presidential campaign. Liberty, 56, earlier this year pleaded guilty to making $22,500 in illegal campaign contributions, which court documents indicate benefited Republican presidential candidate Mitt Romney’s […]