The Ninth Circuit recently issued an unpublished decision in Hoffman v. Markowitz, Case No. 17-56290 (C.D. Cal., Dec. 24, 2018), holding that referral fees paid from a Ponzi scheme are subject to avoidance under the...more
Two recent decisions from the Fifth Circuit and Eighth Circuit could expand the fraudulent transfer exposure of unknowing third parties that provide goods, services, or funding to companies operating Ponzi...more
5/19/2015
/ Commercial Bankruptcy ,
Creditors ,
Debtors ,
Enforcement Actions ,
Fraudulent Transfers ,
Ponzi Scheme ,
Popular ,
Securities and Exchange Commission (SEC) ,
Stanford International Bank ,
Stanford Ponzi Scheme ,
The Golf Channel
For the last 27 years, bankruptcy courts in the Ninth Circuit consistently held that debt could not be recharacterized as equity unless the movant proved inequitable conduct by the debt holder. On April 30, 2013, the Ninth...more