Investors in bankrupt company's Ponzi scheme must return 'fictitious profits' | Secondary Sources | Westlaw

Investors in bankrupt company's Ponzi scheme must return 'fictitious profits' | Secondary Sources | Westlaw

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Investors in bankrupt company's Ponzi scheme must return 'fictitious profits'

2024 BKRDBRF 0159By Kimberly LekmanWESTLAW Bankruptcy Daily Briefing (Approx. 2 pages)

Investors in bankrupt company's Ponzi scheme must return 'fictitious profits'

2024 BKRDBRF 0159By Kimberly LekmanWESTLAW Bankruptcy Daily Briefing (Approx. 2 pages)

Investors in bankrupt company's Ponzi scheme must return 'fictitious profits'

(April 23, 2024) - Good-faith investors in a bankrupt company's Ponzi scheme must return more than $300,000 in profits, a bankruptcy appeals panel has ruled, rejecting their assertion that their liability for each investment should be calculated...
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