Investors Can't Revise Distribution For $15M Farm Loan Scam

Law360, New York (February 16, 2017, 7:33 PM EST) -- An Indiana federal judge on Thursday backed a receiver’s plan to distribute recovered funds to investors allegedly misled about an asset manager’s use of $15 million in farm loans, denying a group’s plan to split the investors into different tiers for recovery.

U.S. District Judge Jane Magnus-Stinson refused an investor group’s attempt to shake up a court-appointed receiver’s plan to distribute Veros Partners Inc.’s allegedly ill-gotten gains, finding the original plan to treat all investors from different offerings equally works best in this case.

“While there...
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Case Title

SECURITIES AND EXCHANGE COMMISSION v. VEROS PARTNERS, INC et al


Case Number

1:15-cv-00659

Court

Indiana Southern

Nature of Suit

Securities/Commodities

Judge

Judge Jane Magnus-Stinson

Date Filed

April 22, 2015

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