Developer Alig to plead guilty to 2 felonies, pay restitution
Cornelius “Lee” Alig has agreed to plead guilty to two of 20 felony counts and pay restitution of $321,000.
Cornelius M. Alig
Articles
Historic downtown apartment building on the block
Summit Realty Group is accepting offers until Oct. 1 on the 23-unit Janus Lofts at 240 S. Meridian St. The building was redeveloped in 2003 by developer Lee Alig, who is facing numerous charges of securities fraud.
Longtime developer Alig charged with 20 felonies
A Marion County prosecutor’s affidavit accuses the Mansur Real Estate Services co-founder of receiving $340,000 from several victims through a securities fraud scheme.
Real estate developers’ exhilaration turns to pain in bankruptcy
Many Indianapolis developers know the feeling. In good times, few industries generate an adrenalin rush like real estate development. But it’s a highly leveraged business built upon certain assumptions that proved flimsy when the financial crisis hit.
Local real estate developer files for bankruptcy
Cornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million in personal debt he attributed to the prolonged slump in the real estate market.