My 7th investment into commercial litigation crowdfunding has resolved.
In July 2017, LexShares opened a new investment opportunity. Projected net return was 80% in the first 6 months, 20% next 6 months, then 40% every 6 months thereafter. I committed to the case and I wired $75,000 on 7/12/17. LexShares disbursed funds to the plaintiff on 7/21/17.
The case was settled out of court in August 2017. LexShares mailed the payment on 9/19/17. I received a check on 9/23/17.
Since I have held for less than a year, it will be taxed as a short-term capital gain.