Ponzi Scheme

Supreme Court Dismisses Leave Application In Johnson v. The Queen

by Dentons on 3/28/2013

On March 21, 2013, the Supreme Court of Canada dismissed (with costs) the application for leave to appeal in the case of Donna M. Johnson v. Her Majesty The Queen....more

Prosecution Of White Collar Crime In America

by Law Offices of Gregory S. Robey on 3/22/2013

I talked earlier about white collar crime in the United States and the types of crimes committed by those who financially exploit their position. In recent years, vigorous pursuit of white collar crimes has become common....more

Third Circuit Holds Rule 10b-5 Violations May Be Imputed to Investment Management Company on Basis of Apparent Agency

by Mark Kornfeld, Marc Powers, Elizabeth Schutte | BakerHostetler on 3/19/2013

The United States Court of Appeals for the Third Circuit recently issued a decision that highlights the importance of investment management companies using extreme caution when promoting investment products to their clients,...more

Queen Shoals Ponzi Scheme Defendant Pleads Guilty

by Fuerst Ittleman David & Joseph, PL on 3/14/2013

A United States District Court Judge for the Western District of North Carolina sentenced Gary D. Martin, of St. Augustine, Florida, to a 10-year prison sentence for his participation in a 30 million dollar commodities and...more

Third Circuit: Securities Fraud Liability May Be Imputed To Employer Whose Employee Ran Ponzi Scheme On The Side

by M. Duncan Grant, William Liess | Pepper Hamilton LLP on 3/12/2013

On February 22, 2013, in the precedential opinion in Belmont v. MB Inv. Partners, Inc., a unanimous panel of the U.S. Court of Appeals for the Third Circuit (Judges Anthony J. Scirica, D. Michael Fisher and Kent A. Jordan)...more

Third Circuit Reinforces Limits to Directors' Exposure for Misconduct by Corporate Employees

by John Stigi | Sheppard Mullin Richter & Hampton LLP on 3/8/2013

In Belmont v. MB Investment Partners, Inc., No. 12-1580, 2013 WL 646344 (3d Cir. Feb. 22, 2013), the United States Court of Appeals for the Third Circuit held that a mere failure by corporate directors to oversee enforcement...more

SEC Discloses Data Related To 2012 Complaints

by Ethan Mark | Leonard, Street and Deinard - Dodd-Frank and... on 2/28/2013

The SEC has disclosed data related to complaints in fiscal year 2012. During Fiscal 2012, the SEC’s Office of Investor Education and Advocacy closed 29,291 files relating to complaints, questions, and other contacts received...more

Bill on Bankruptcy: Secret Madoff Agreement May Harm Victims [Video]

by Bloomberg Law on 2/27/2013

Feb. 27 (Bloomberg) -- Money stolen from victims of the Bernie Madoff Ponzi scheme is earmarked for someone who may have been an accomplice in the fraud, and the agreement is being kept secret by a federal district judge. ...more

White Collar Watch - February 2013

by Andrea P. Brockway, Justin Ettelson, Christopher R. Hall, Patrick Hromisin, Adam Isenberg, Nicholas J. Nastasi, Scott Patterson, Gregory G. Schwab, Nicholas C. Stewart | Saul Ewing LLP on 2/22/2013

In This Issue: - New HIPAA “Megarule” Broadens Enforcement - Government Declines to Seek Rehearing of Landmark Off-Label Speech Decision - Seizure of Rothstein Ponzi Assets Highlights Tension Between...more

Credit Crunch Digest -- January 2013

by Jennifer Quinn Broda, Ryan Chapoteau, Matthew Ferguson, Todd McCormick, Thomas R. Orofino, Eric C. Scheiner | Sedgwick LLP on 2/5/2013

This issue of the Credit Crunch Digest focuses on a potential imminent regulatory settlement involving Royal Bank of Scotland’s role in alleged Libor manipulation; the profits obtained by Deutsche Bank for its investments in...more

Production Of Documents From Court-Appointed Receivers

by Norm Emblem, Chloe Snider | Dentons on 2/1/2013

Originally published in International Law Office, January 2013: In its recent decision in SA Capital Growth Corp v Mander Estate the Ontario Court of Appeal considered whether the appellant, who was facing proceedings...more

Another Securities Case For The Supreme Court. Next Up: Ponzi Scheme Cases

by Rick Gallagher, Suzette Pringle | Orrick - Securities Litigation and Regulatory... on 1/31/2013

Agreeing to take up yet another securities case, the Supreme Court granted cert on January 18 in three related appeals arising out of the alleged multi-billion dollar Ponzi scheme involving R. Allen Stanford’s Stanford...more

U.S. Supreme Court To Review Fifth Circuit’s SLUSA Decision in Stanford Ponzi Scheme Case

by Shawn Hough, Frank Oliva | BakerHostetler on 1/28/2013

The Supreme Court recently granted certiorari to examine the “in connection with” requirement of the Securities Litigation Uniform Standards Act (“SLUSA”) in Chadbourne & Parke LLP v. Troice, No. 12-79....more

The United States Supreme Court Will Review the Scope of Federal Preclusion of State Securities Claims

by Steven Engel, Neil Steiner, James Wald | Dechert LLP on 1/25/2013

On January 18, 2013, the United States Supreme Court granted certiorari to resolve a circuit split concerning the extent to which the Securities Litigation Uniform Standards Act of 1998 (“SLUSA”) preempts state law claims...more

District of Colorado Dismisses, in Part, Securities Fraud Claims in Ponzi Scheme Suit

by Michael S. Gordon, Allison Wuertz | Katten Muchin Rosenman LLP on 1/10/2013

The US District Court for the District of Colorado considered several motions to dismiss a class-action suit filed by plaintiff Touchtone Group, LLC to recover damages resulting from a Ponzi scheme devised by Mantria...more

Corporate and Financial Weekly Digest - January 4, 2013

by Katten Muchin Rosenman LLP on 1/7/2013

In this issue: - CII Submits Rule 10b5-1 Rulemaking Petition to the SEC - ISS Publishes Updated FAQs for its Proxy Voting Policies - CFTC Issues Final Order on Cross-Border Swaps - CFTC Issues No-Action...more

Bank Liability to Non-Customers in a Ponzi Scheme

by Timothy R. Moore | Spilman Thomas & Battle, PLLC on 12/18/2012

The morning news reports flashes a report that your customer was actually a Ponzi scheme and defrauded numerous people. Of course, this is terrible news for the innocent victims, but, you ask yourself, could my bank be...more

A Federal Judge Can't Reopen A Sentencing Hearing, Even When There's $17 million In Restitution At Stake

by Matthew G. Kaiser | The Kaiser Law Firm PLLC on 12/14/2012

It's hard, when things go wrong, not to seek a mulligan. And we all get off on the wrong foot sometimes. When a case is in front of a federal judge for sentencing, though, a mulligan is only very rarely...more

Ponzi Schemes - A Sign of the Times

by Michael Diaz Jr. - Diaz Reus International... on 12/7/2012

“If they ever tell my story, let them say... I walked with giants. Men rise and fall like the winter wheat... but these names will never die. Let them say I lived in the time of Hector. Let them say... I lived in the time of...more

CFTC Cracks Down On Commodity Pool Ponzi Schemes

by Elan Mendel | Shipkevich PLLC on 12/6/2012

The U.S. Commodity Futures Trading Commission (CFTC) issued a statement yesterday announcing that Judge Edward J. Lodge of the U.S. District Court of Idaho entered a permanent injunction requiring Trigon Group, Inc, to return...more

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Supreme Court Dismisses Leave Application In Johnson v. The Queen

Prosecution Of White Collar Crime In America

Third Circuit Holds Rule 10b-5 Violations May Be Imputed to Investment Management Company on Basis of Apparent Agency

Queen Shoals Ponzi Scheme Defendant Pleads Guilty

Third Circuit: Securities Fraud Liability May Be Imputed To Employer Whose Employee Ran Ponzi Scheme On The Side

Third Circuit Reinforces Limits to Directors' Exposure for Misconduct by Corporate Employees

SEC Discloses Data Related To 2012 Complaints

Bill on Bankruptcy: Secret Madoff Agreement May Harm Victims [Video]

White Collar Watch - February 2013

Credit Crunch Digest -- January 2013

Production Of Documents From Court-Appointed Receivers

Another Securities Case For The Supreme Court. Next Up: Ponzi Scheme Cases

U.S. Supreme Court To Review Fifth Circuit’s SLUSA Decision in Stanford Ponzi Scheme Case

The United States Supreme Court Will Review the Scope of Federal Preclusion of State Securities Claims

District of Colorado Dismisses, in Part, Securities Fraud Claims in Ponzi Scheme Suit

Corporate and Financial Weekly Digest - January 4, 2013

Bank Liability to Non-Customers in a Ponzi Scheme

A Federal Judge Can't Reopen A Sentencing Hearing, Even When There's $17 million In Restitution At Stake

Ponzi Schemes - A Sign of the Times

CFTC Cracks Down On Commodity Pool Ponzi Schemes

Bill on Bankruptcy: Secret Madoff Agreement May Harm Victims [Video]

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