11th Circ. Affirms $5M Ponzi Scheme Judgment
A three-judge panel of the U.S. Court of Appeals for the Eleventh Circuit said Friday that the lower court did not err in deciding that John P. Utsick, the principal of Worldwide Entertainment Inc., failed to show that the SEC's estimate of his ill-gotten gains was unreasonable.
The court also rejected Utsick's arguments...
To view the full article, register now.