Articles Posted in Baker Tilly

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Iorio Altamirano LLP, a nationally recognized securities arbitration law firm, is investigating Baker Tilly Capital, LLC, for its role in selling private placement Qualified Opportunity Zone (QOZ) funds, including Block 216 QOF, LLC. This investigation focuses on potential misconduct related to the sale of these high-risk investments to retail investors, particularly in light of recent reports indicating that Block 216, a prominent skyscraper project in Portland, Oregon, featuring the Ritz Carlton Oregon, may be facing foreclosure.

Block 216: A Struggling Opportunity Zone Investment

Block 216, a mixed-use skyscraper in Portland, OR, was marketed as a flagship Opportunity Zone project designed to deliver significant tax benefits and returns to investors through the Block 216 QOF, LLC fund. However, recent developments suggest the project is struggling financially, with reports pointing to a potential foreclosure. This news raises serious questions about the viability of the investment and the due diligence conducted by Baker Tilly Capital, LLC, before it was recommended to investors.

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