11th Circ. Won't Let Fraudsters Off Hook For $18M Scheme

Law360, Los Angeles (May 16, 2013, 4:17 PM EDT) -- The Eleventh Circuit on Thursday dismissed appeals by the owner and office manager of a fraudulent investment firm, who had spent $18 million they collected from investors on spas, cars and office expenses, ruling that trial testimony didn't amount to conjecture about their states of mind.

Weston Rutledge Financial Services Inc.'s Geoffrey Gish and Myra Ettenborough had argued that a Georgia federal judge should have disallowed three lawyers who allegedly testified about what the defendants thought when told the investment scheme was fraudulent and violated federal...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.