NJ Investment Firm To Pay $36M Over Ponzi Scheme

Law360, New York (October 9, 2013, 7:17 PM EDT) -- A New Jersey judge has ordered the principals of the investment firm Carr Miller Capital LLC, which ran a $40 million Ponzi scheme, to pay a total of $36.4 million to defrauded investors and the New Jersey Bureau of Securities.

Essex County Superior Court Judge David B. Katz granted summary judgment to the New Jersey Bureau of Securities on Oct. 3, and issued a final judgment stipulating that the perpetrators behind the Carr Miller Capital Ponzi scheme will pay $29.8 million for the benefit of defrauded...
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