Racer To Pay Up Over Dad's $11M Ponzi Scheme

Law360, New York (September 29, 2011, 5:47 PM EDT) -- A Texas race car driver whose career was subsidized by his imprisoned father's $10.9 million Ponzi scheme agreed to give up $322,000 in ill-gotten gains on Tuesday in a suit brought by securities regulators over the scam.

Christopher R. White, whose father Ray is serving 10 years in prison for his role in the commodities fraud, contributed $8,000 to start CRW Management LP and maintained a 40 percent interest in the sham company, according to the U.S. Commodity Futures Trading Commission and the Securities and Exchange...
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Case Information

Case Title

Securities and Exchange Commission v. White et al


Case Number

3:09-cv-00407

Court

Texas Northern

Nature of Suit

Securities/Commodities

Judge

Ed Kinkeade

Date Filed

March 4, 2009

Government Agencies

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