Ponzi Suspect's Ex-Wife Argues For Release Of Funds

Law360, New York (May 28, 2010, 3:47 PM EDT) -- U.S. Court of Appeals for the Second Circuit judges said Friday that they may seek input from a New York state court in deciding whether to unfreeze the assets of alleged WG Trading Investors LP Ponzi schemer Stephen Walsh's ex-wife, noting that case law is unclear about the rights authorities have to lock down her funds.

Steven L. Kessler, an attorney representing Walsh’s former spouse, Janet Schaberg, argued Friday in the U.S. Court of Appeals for the Second Circuit that the preliminary injunction should be lifted...
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