Law360, New York (December 22, 2011, 6:41 PM ET) -- Lenders being sued for cashing out in a Crown Forex SA principal's Ponzi scheme that cost other investors $158 million argued Wednesday that the claims against them ought to be tossed, saying they had no part in any fraudulent activity that occurred.
Eighteen lenders filed a motion for summary judgment in a Minnesota federal court, seeking dismissal of court-appointed receiver R.J. Zayed's allegations of fraudulent transfer and unjust enrichment in connection to Crown Forex principal Trevor Cook's scheme.
Zayed filed a motion for summary judgment Wednesday...
Crown Forex Ponzi Investors Want Fraud Claims Nixed
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