A Montana accounting firm has reached settlements with six current and former farm and ranch owners who said they lost millions of dollars in real estate investments they say the firm advised them to make.
The lawsuits filed against Anderson ZurMuehlen sought more than $13 million in damages.
Investor attorney Lin Deola told the Independent Record the settlement amounts are confidential. An officer for Anderson ZurMuehlen declined to comment.
Most of the investors used money from sales of long-held family operations and planned to use the investment income for their retirement. Investment in the commercial properties also offered significant tax breaks.
The deals went through Idaho-based DBSI Housing Inc., which filed for bankruptcy in 2008. DBSI was labeled a Ponzi scheme by a bankruptcy trustee.
Topics Lawsuits
Was this article valuable?
Here are more articles you may enjoy.
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
After 55 Years in Florida Insurance, Tom Lynch Reflects on Agencies, Changes Needed 
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban 
Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026 
