Law enforcement authorities raided the headquarters of United Mortgage Trust (“UMT”) in a suburb of Dallas, Texas this month, looking for documents pertaining to management of the company.

A search warrant was issued by a federal magistrate of the United States District Court for the Northern District of Texas. Particular executive offices and employees were also served grand jury subpoenas.

UMT has not disclosed additional details about the purpose of the raid.

The raid comes on the heels of a response issued on February 8 by United Development Funding IV, an entity affiliated with UMT, to a website about the company created by the hedge fund Hayman Capital Management. Hayman, which is controlled by Kyle Bass, accused UMT’s management of running a Ponzi-like real estate scheme.

United Mortgage is a real estate investment trust that invests in pools of residential real estate loans.

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