Merendon Counsel Penalized $5M In Ponzi Scheme Case

Law360, New York (October 30, 2012, 5:38 PM EDT) -- A Washington federal judge entered judgment Tuesday against Merendon Mining Inc. and others over an alleged $300 million Ponzi scheme, finalizing individual settlements and ordering a Merendon attorney to disgorge $5 million after his settlement talks with the government broke down.

U.S. District Judge Richard Jones issued judgments against all remaining defendants in the Merendon case, in which the defendants were accused of swindling more than 3,000 investors in the U.S. and Canada through an intricate network of shell companies and international bank accounts. Merendon attorney...
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Case Information

Case Title

Securities and Exchange Commission v. Merendon Mining (Nevada) Inc. et al


Case Number

2:10-cv-00955

Court

Washington Western

Nature of Suit

Securities/Commodities

Judge

Richard A Jones

Date Filed

June 10, 2010

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