Ares, Tailwind Said to Be Subpoenaed in N.Y. Foreclosure Probe

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Ares, Tailwind Said to Be Subpoenaed in N.Y. Foreclosure Probe

Ares, Tailwind Said to Be Subpoenaed in N.Y. Foreclosure Probe

BLOOMBERG-

Tailwind, a private equity firm, and investment firm Ares both have financial ties to Pillar Processing LLC, which processes foreclosures for the law firm of Steven J. Baum. Baum handles almost half the foreclosures in New York, according to one of the people. Baum and Pillar were subpoenaed about a month ago, according to the second person. Both declined to be identified because the matter isn’t public.


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