MIAMI-Lewis B. Freeman & Partners, one of South Florida’s most prominent receivership firms, was itself placed in receivership Friday at the request of its namesake founder, according to Daily Business Review, an ALM publication. The move occurs amid a federal investigation trying to trace $3.6 million from accounts overseen by the locally based firm.

Miami-Dade Circuit Judge Victoria Sigler appointed another veteran South Florida receiver, Kenneth A. Welt of Hollywood, to take charge of the firm led by Freeman. The lawyer and forensic accountant has often been picked by federal and state judges as a receiver or trustee when companies went bust or were plagued by fraud.

Freeman’s Miami and Plantation offices were raided by the FBI earlier this month, with sources saying that agents sought records on money controlled by the firm. Click here to read more from Daily Business Review.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.