Receiver Appointed In SEC's $50M Bravata Ponzi Suit

Law360, New York (September 3, 2009, 1:18 PM EDT) -- A federal judge has appointed a receiver to take over real estate investment funds controlled by John J. Bravata and Richard J. Trabulsy, two Michigan residents who allegedly ran a $50 million Ponzi scheme, as part of a fraud suit filed by the U.S. Securities and Exchange Commission.

On Wednesday, Judge David M. Lawson of the U.S. District Court for the District of Michigan appointed Earle I. Erman, of the Michigan law firm Erman Teicher Miller Zucker & Freedman PC, to take control of Bravata Financial...
To view the full article, register now.




Case Information

Case Title

United States Securities and Exchange Commission v. Bravata et al

Case Number



Michigan Eastern

Nature of Suit



David M. Lawson

Date Filed

July 26, 2009


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.