Accused $100M Ponzi Schemer Wins Document Fight

Law360, New York (June 3, 2011, 2:13 PM EDT) -- A Utah federal judge on Thursday dealt prosecutors a blow in their criminal case against an investment guru charged with running a $100 million Ponzi scheme, finding that certain Internal Revenue Service documents and investor mailings are entitled to attorney-client privilege.

U.S. District Judge Clark Waddoups imposed stronger protections than those demarcated by the magistrate judge in September, backing defendant Claude “Rick” Koerber’s claim that a draft investor letter that fell into the prosecutors’ hands is a privileged document.

A grand jury indicted Koerber in May...
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Case Information

Case Title

USA v. Koerber


Case Number

2:09-cr-00302

Court

Utah

Nature of Suit

Date Filed

May 26, 2009

Government Agencies

UK Financial Services

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