Stephen Puleo et al v. Burgundy 523 Offshore Fund Ltd. et al: Complaint

Complaint alleging fraud by 122 investors, “many of whom are senior citizens”, who are “among 261 individuals, who collectively invested $75.5 million to buy interests in a student housing project in reliance on a series of false statements in the offering documents made by the sponsor of the offering and a financier that facilitated the offering” in Stephen Puleo et al v. Patrick Nelson, of California; Nelson Partners LLC, of Utah; Axonic Capital LLC, of Delaware; Clayton Degiancinto, of New York; AxSPV LLC Series NB CRE Lender, of Delaware; AxSPV LLC Series SBL CRE Lender, of Delaware; AxSPV LLC Series ACO CRE Lender, of Delaware; Burgundy 523 Offshore Fund Ltd., of the Cayman Islands; Axonic Special Opportunities SBL Master Fund LP, of Delaware, and Axonic Credit Opportunities Master Fund LP, of the Cayman Islands, at the U. S. District Court for the Central District of California.


  • 113
    August 10, 2021
    Patrick Nelson, Nelson Partners LLC, Axonic Capital LLC, Clayton Degiancinto, AxSPV LLC Series NB CRE Lender, AxSPV LLC Series SBL CRE Lender, AxSPV LLC Series ACO CRE Lender, Burgundy 523 Offshore Fund Ltd., Axonic Special Opportunities SBL Master Fund LP, Axonic Credit Opportunities Master Fund LP
    Stephen Puleo
    Xx Xx Xx
    Fraud, Misappropriation
    Brownlie Hansen, Robert Brownlie