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Property law firm Matini Montecristo LLP has hit back at a lawsuit filed by a dozen investors who put £900,000 ($1.1 million) into long leases for a hotel's bedrooms, denying that it failed to warn them it was a Ponzi scheme.
A dozen investors who put £900,000 ($1 million) in long leases of a hotel's bedrooms are suing Matini Montecristo LLP, accusing the property law firm of failing to advise them that the investment scheme was unregulated and a possible Ponzi scheme.