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The Real Deal

The Real Deal

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Business & Economics

$142M high-yield investment fund accused of Ponzi scheme

The Real Deal
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Austin -based real estate lender already under court-appointed receivership facing allegations that its investment operation was a Ponzi scheme.

CCG Capital Group allegedly overstated its capital base by tens of millions of dollars .

The fund, founded by Robert Buchanan in 2008 to finance real estate deals, was placed into receivership in May last year .