Key facts
- A former UBS private credit fund is suing a law firm for alleged fraud.
- The fund claims a lawyer from Pillsbury Winthrop sent 'fake financials'.
- The alleged fraud secured loans linked to Aspiration Partners.
- The fund claims it was defrauded of $145 million.
A former private credit fund managed by UBS has filed a lawsuit alleging that the law firm Pillsbury Winthrop, through one of its lawyers, defrauded the fund of $145 million. The lawsuit claims that the lawyer provided 'fake financials' to the fund. These alleged fraudulent documents were used to secure loans that were ultimately linked to Aspiration Partners. The fund is seeking to recover the $145 million it claims was lost due to this alleged scheme.