Patton Boggs is representing nearly 100 individuals in a suit against Michigan accounting firm Doeren Mayhew, alleging that the accounting firm and several individuals intentionally defrauded investors in a Ponzi scheme lasting almost 10 years. According to a press release issued by the law firm, partner John Schryber and associate David Silver of Patton Boggs’ Washington office, are handling the matter. Scott Silver of Coral Springs, Fla.-based law firm Blum & Silver is co-counsel on the case.
The suit specifically accuses Doeren Mayhew of offering investors “fraudulent” securities and hyping companies that turned out to be fake. According to the press release, the Securities and Exchange Commission is also looking into the alleged Ponzi scheme, which Patton Boggs says raised between $74 million and $250 million.
Doeren Mayhew’s managing director has not yet returned a call for comment.