Philly Lawyer Drops Delaware Ponzi Suit Against Ex-Best Friend

April 23, 2020, 4:30 PM UTC

A Philadelphia lawyer has dropped a Delaware lawsuit accusing his best friend of 30 years, another attorney, of duping him into investing in a Ponzi scheme on the verge of collapse.

The Chancery Court suit sought to “pierce the veil” of Main Street Business Funding LLC, allegedly a “sham LLC” founded by Keller & Goggin PC partner Robert S. Goggin III to cover up millions in unrelated losses he suffered after investing misappropriated client funds.

The case was filed by John P. Lane Jr., who accused Goggin of persuading friends to help him make up the losses by investing in ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.