University of Minnesota law professor allegedly steals millions from investors
A University of Minnesota law professor who specializes in business investments allegedly embezzled millions from investors in companies he controlled.
Edward Adams — an expert in commercial, bankruptcy and corporate law at the University’s Law School — allegedly stole more than $4.38 million from investors and paid over $2.54 million from companies he ran to his own law firm, according to an indictment filed in U.S. District Court Thursday.
Investigators say the fraud occurred over seven years starting in 2006.
Adams is expected to make his first federal court appearance this week in Minneapolis, the Star Tribune reported Thursday.
Read more: http://www.mndaily.com/article/2017/03/umn-law-professor-allegedly-stole-millions-from-investors