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



Texas Northern

Nature of Suit



Ed Kinkeade

Date Filed

March 4, 2009

Government Agencies

UK Financial Services

UK Financial Services

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