Kokesh Voids $147M Land Scam Disgorgement At 9th Circ.

By Rachel Graf (September 26, 2018, 7:23 PM EDT) -- The Ninth Circuit said Wednesday the Supreme Court's 2017 Kokesh decision, which determined that a five-year statute of limitations applies when the U.S. Securities and Exchange Commission seeks disgorgement, frees a fraudster from an order to repay the agency $147 million in illicit profits from a decadeslong real estate investment scheme....

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