The New York County Court held that the later investor could recover their loses from the earlier investor despite the fact that the earlier investor did not make any net profits from their participation in the program. The defendant was deceived just as much as the plaintiff about the program's safety and effectiveness as an investment. The court ruled that the generally principles of New York's gambling laws prohibited someone from profiting from the operation of an illegal lottery, regardless of their culpability or good faith.
Full case and case summary also available online at: http://www.mlmlegal.com/legal-cases/Solon_v_Meuer.php
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