Attorney Philip J. Layfield Files Lawsuit Alleging the Law Firm of Lehman, Lee & Xu LTD. is Operating a Ponzi Scheme

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Philip J. Layfield, Attorney at Law, has recently filed a civil lawsuit against the law firm of Lehman, Lee & Xu, Ltd., along with its affiliated companies and Managing Director, accusing them of operating a ponzi scheme.

On September 3, 2010, a civil lawsuit was filed in a New York Court against the purported third largest law firm in China. The lawsuit, case#10 CIV 6563, alleges that the law firm of Lehman, Lee & Xu, Ltd., its affiliated companies and its Managing Director Edward E. Lehman (the “Lehman Defendants”) are essentially operating a ponzi scheme whereby they are using client funds to pay for other unauthorized expenses.

The lawsuit alleges that in June 2010 the “Lehman Defendants” fraudulently induced the plaintiffs and their investors to deposit approximately $1.2 million into an escrow account which the defendants ultimately misappropriated. As of today the Lehman Defendants have failed to return the money and have failed to file an Answer to the Complaint within the prescribed time limits.

Defendant Lehman, Lee & Xu, Ltd. is headquartered in Beijing, and claims to be the third largest corporate commercial law firm in China. The law firm was founded by Edward Eugene Lehman, a U.S. citizen and Chicago native.

Plaintiffs’ are represented by lead attorney Philip J. Layfield, Esq. who specializes in large scale complex litigation. The law firm of Roetzel & Andress, LPA is acting as local counsel in the matter.

Attorney Philip J. Layfield has eleven years of experience assisting his clients in litigation, health care, and corporate law. He has previously served as a CEO of a public pharmaceutical company and board of director on several different public traded companies. To learn more about his firm, visit his site at businesslitigationdisputes.com, or contact him at 310-573-8658 or philip(at)pjllawfirm(dot)com.

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