An obscure firm casts shadow on IndyMac deal

Perhaps the most obscure member of the group is Silar Advisors, a New York firm founded in 2006 that invests in distressed assets. Its principal is Robert Leeds, yet another Goldman Sachs alumnus.

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more details about Silar have emerged in a lawsuit filed against it in U.S. District Court in Nevada in 2007. The plaintiffs are a group of individual investors who hold loans on commercial properties taken over by Silar... According to the lawsuit, Silar financed a bid by Compass Partners to take over the loan portfolio in 2007 for $67 million, a big discount to its estimated value of $150 million to $500 million.