'Ponzi Scheme' Applies To DBSI Case, Prosecutors Say

Law360, New York (January 7, 2014, 1:34 PM EST) -- The United States asked an Idaho federal judge on Monday to deny a bid by the former top brass of bankrupt real estate firm DBSI Inc. to exclude all claims the firm was a “Ponzi scheme” from a case accusing them of defrauding investors, arguing the company’s alleged Ponzi scheme was in fact at the heart of the investor fraud. 

The former president, general counsel and two executives of bankrupt DBSI Inc. pled not guilty to fraud charges in May, following accusations that they were running...
To view the full article, register now.




Case Information

Case Title

Other court case number: 

Case Number




Nature of Suit

Date Filed

April 10, 2013

Law Firms

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.