Stirling Mortimer: Trial date set in bid to seize Ezaz assets

clock

A trial date for the recovery of assets of Joe Ezaz, the former senior partner of a law firm who is accused of misappopriating €9.8m of investors' cash in the Stirling Mortimer Global Property fund, has been set.

A ten-day hearing is expected to begin on 17 April 2012, according to the latest annual report of the Stirling Mortimer Global Property fund PCC Ltd. Ezaz, former senior partner at ELS International Lawyers, is accused of misappropriating investors' money by moving it from the client account of the law firm and using it for purposes unrelated to the Cape Verde (No 4) Fund, a cell of the property fund. ELS had been in charge of holding €9.8m in an Escrow account and was supposed to return the cash as a rebate when the fund's property manager failed to hit certain sales targets in Janua...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Investment Week unveils FMYA finalists for Technology and Marketing & PR categories

Investment Week unveils FMYA finalists for Technology and Marketing & PR categories

Ceremony on 19 June

Investment Week
clock 12 May 2025 • 1 min read
Partner Insight - Robeco Global Stars: Targeting alpha with high conviction

Partner Insight - Robeco Global Stars: Targeting alpha with high conviction

Robeco
clock 12 May 2025 • 5 min read
Trium Capital's Donald Pepper: Tariff tide reveals those swimming uncorrelated

Trium Capital's Donald Pepper: Tariff tide reveals those swimming uncorrelated

'Conventional diversification no longer provides adequate protection'

Donald Pepper
clock 30 April 2025 • 4 min read
Trustpilot