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Accused Ponzi Leader Seeks End To SEC’s $1B Asset Freeze

Law360 (February 8, 2018, 4:04 PM EST) -- Accused Ponzi scheme architect Robert H. Shapiro asked a Florida federal judge late Wednesday to lift or modify a U.S. Securities and Exchange Commission freeze on some $1 billion in assets under his control, citing limitations in a recent U.S. Supreme Court ruling and calling the lock-up excessive.

In the balance are a range of accounts, securities and properties that the SEC accused Shapiro of using or accumulating through a multifaceted operation that ran up huge debts to investors based on sham investment structures that generated...
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