CORRECTED: Mass. Man Denies Gains From Nadel Ponzi Scheme

Law360, New York (September 22, 2011, 12:00 AM EDT) -- A Massachusetts man told a federal court in Florida on Wednesday he did not knowingly profit from a $168 million Ponzi scheme purportedly orchestrated by former hedge fund manager Arthur G. Nadel.

Mikhail Khodorkovsky included that denial in answer to a suit filed last year by the receiver for Nadel's estate, Burton W. Wiand.

Despite that assertion, the defendant may be in the midst of settlement negotiations concerning the allegations, according to a status report filed earlier this month by Wiand. The receiver said he expected to...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Wiand v. Khodorkovsky


Case Number

8:10-cv-02148

Court

Florida Middle

Nature of Suit

Securities/Commodities

Judge

Elizabeth A. Kovachevich

Date Filed

September 27, 2010

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.