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Investigation: LEAF Equipment Leasing Income Fund III, L.P

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding the LEAF Equipment Leasing Fund III Limited Partnership.

According to Bloomberg, LEAF Equipment Leasing Income Fund III, L.P. is an equipment leasing and finance fund that “principally invests in [a] diversified portfolio of new, used, or reconditioned equipment that it leases to third parties.” This portfolio includes “industrial equipment, computers, medical equipment, office equipment, restaurant equipment, garment care equipment, building systems, and communication equipment.” The LEAF Equipment Leasing Income Fund III L.P.’s portfolio contained 5,875 equipment leases with 5,576 individual users in 50 states as of June 30th, 2007.

iStock_000008431693Medium-300x200LEAF Equipment Leasing Income Fund III is a limited partnership formed in May 2006 by its general partner, LEAF Asset Management LLC, a subsidiary of Resource America, an investment manager that trades publicly as REXI. Crit S. DeMent is the Chairman and Chief Executive Officer of Leaf Asset Management; Robert K. Moskowitz is the Chief Financial Officer, Chief Accounting Officer, Treasurer, and Assistant Secretary.

Investors in LEAF Equipment Leasing Income Fund III L.P. may have been lured by the promise of a high rate of return. LEAF Equipment Leasing Income Fund III offered an initial distribution of 8.5%, which eventually declined to 2%. Similarly, Leaf Equipment Leasing Fund IV offered an initial distribution of 8.5% which eventually declined to 3%.

If you have suffered losses while investing in LEAF Equipment Leasing Income Fund III L.P, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.