board certified<\/a> in physical medicine and rehabilitation, says she was solicited by\u00a0Fowler, Brunton and King and agreed to commit $500,000 in capital in 2021. She entered into a subscription agreement and a limited partnership agreement with Trinity River Partners I LP.\u00a0 King signed for Trinity, she says.<\/p>\nFowler and Brunton said she would receive a \u201cpreferred return of 20% per annum compounded\u201d on her investment, she says.<\/p>\n
Years passed without hearing from the defendants, Lin says. So she began to investigate and learned that the defendants had vacated their San Antonio office building at 8435\u00a0Wurzbach Road and closed one of the surgical centers.<\/p>\n
She tried to contact the defendants but got no response, she says. She adds that she learned that Brunton had been fired.<\/p>\n
Article continues below this ad<\/p>\n
In September, she says she received a tax form for Trinity River Partners for 2024. It showed that her $500,000 investment had an \u201cunexplained $301,550.00 loss.\u201d<\/p>\n
Two months later, Fowler informed her she would get back 7% to 15% of her investment, she says.<\/p>\n
But she later received a document that said the partnership was being dissolved and she would receive $8,083.14, or about 1.6% of her investment, she says.<\/p>\n
At this point, Lin says, she realized she had been \u201cdeceived\u201d and hired attorneys Ernest Valdez and Dinah Gaines to investigate and file the lawsuit to recover the $500,000. Neither attorney responded to a request for comment.<\/p>\n
Article continues below this ad<\/p>\n
Lin and an affiliated company list their causes of action as fraud, fraudulent inducement, negligent misrepresentation and breach of contract.<\/p>\n
The complaint doesn\u2019t mention by name any surgical hospitals or surgery centers earmarked for investment.\u00a0<\/p>\n
She later learned that investments were made in real estate where such facilities were located in\u00a0Bexar County but not by the partnership she invested in, she says. The addresses are not provided in the lawsuit.<\/p>\n
Companies and partnerships that also are named as defendants are: Trinity River Partners I, Trinity River Partners II LP, Trinity River Partners GP LLC,\u00a0Trinity River Capital LLC,\u00a0PSN Group, PSN Holdings and MFH Holdings.<\/p>\n
Article continues below this ad<\/p>\n
PSN is an acronym for Plano-based Physicians Surgical Network Affiliates, which provides health care and surgical services through Legent. MFH stands for San Antonio-based Medical Facilities Holdings, according to a 2023 news release<\/a> about a 60,000-square-foot medical office building that opened at 10622 Texas 151 in Westover Hills.<\/p>\nTrinity Rivers\u00a0Partners I, which later became II,\u00a0was an \u201cunregistered entity\u201d that \u201cin effect sold security interests in the operation of surgical centers and in real estate that allegedly has been acquired initially by PSN Group,\u201d Lin says in her suit.<\/p>\n
Madison\u00a0Iszler contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Dr. Ellen Lin of San Antonio alleges she was defrauded in an investment deal that she was told…\n","protected":false},"author":2,"featured_media":221596,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[82,84,83],"class_list":{"0":"post-221595","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-antonio","8":"tag-san-antonio","9":"tag-san-antonio-headlines","10":"tag-san-antonio-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/221595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=221595"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/221595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/221596"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=221595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=221595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=221595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}