Judge Orders Forfeiture For Fla. Ponzi Schemer

Law360, New York (October 8, 2010, 3:06 PM EDT) -- A federal judge has ordered Florida investment adviser David Merrick to forfeit homes, cars and more than $4 million as part of a plea deal in what the government says was a Ponzi scheme that defrauded thousands of investors.

Judge Mary S. Scriven of the U.S. District Court for the Middle District of Florida on Wednesday issued a preliminary order of forfeiture indicating that Merrick would have to turn over at least about $4 million held in financial accounts, $500,000 in cash, two new Acura automobiles,...
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Case Information

Case Title

USA v. Merrick


Case Number

6:10-cr-00109

Court

Florida Middle

Nature of Suit

Date Filed

April 29, 2010

Government Agencies

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