Kentucky Derby Dreaming? Some People Are Betting on Racehorses for a Great ROI – And Fractional Ownership Puts Them Within Reach
Litigation attorney Kayla Pragid, who leads the firm's Equine Industry Team, was cited in a Moneywise article examining the growing interest in fractional racehorse ownership as the Kentucky Derby approaches. The article explored how alternative investment platforms are expanding access to the equine market while also highlighting legal and financial risks. Moneywise referenced Ms. Pragid's prior interview with Citywealth, in which she addressed fraud concerns in high‑value horse transactions involving multiple intermediaries.
"Once the fraud is detected, these individuals are hesitant to file suit or seek relief from the fraudster because they don't want negative publicity or for their private life to become public," Ms. Pragid said. "Fraudsters know this and prey on such individuals."