International law firm Pillsbury Winthrop and one of its California-based partners allegedly helped defraud an investment arm of UBS Asset Management of $145 million, according to a lawsuit filed in a Manhattan court.
Pillsbury partner Riaz Karamali worked with Joseph Sanberg, co-founder of a celebrity-backed climate-finance startup, and venture capitalist Ibrahim AlHusseini to create and send “dozens of fake financials” to secure two loans from Clover Private Credit Opportunities Origination II LP, the investment fund alleges in its complaint filed Tuesday in the New York County Supreme Court.
Clover says it was “lied to and deceived” by Karamali, Sanberg, and ...
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