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Portland attorney accused of hiding role in real estate fraud, then reaping millions in marijuana deal

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Marijuana company Cura Cannabis emerged from the wreckage of the Iris fraud and ultimately sold for $400 million. Portland attorney Nick Slinde retained a stake in the business, acquired in payment for his work representing Iris. Hans Pennink | AP Photo

Portland attorney Nick Slinde is facing new allegations that he hid his role in a notorious Oregon real estate scam, putting his own interests ahead of his client’s and reaping millions of dollars when investors’ money was redirected into a marijuana business in which Slinde owned a stake.

The new accusations are in a scathing letter to the Oregon State Bar from the court-appointed receiver overseeing the dissolution of Iris Capital, the investment fund that spurred the scandal and cost Oregon retirees $1 million in savings. The bar association has been investigating Slinde since 2019.

Iris Capital timeline

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