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...
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