August 30, 2024
Creditors of the Washington state water vending machine company Water Station Management LLC have filed an involuntary Chapter 11 petition in Texas bankruptcy court, citing at least $7.4 million in debt, as the company also faces a suit alleging it bilked investors out of more than $100 million through a Ponzi scheme.
August 13, 2024
Attorneys for a former hedge fund manager now entangled in wide-ranging Ponzi scheme allegations urged a Delaware vice chancellor on Tuesday toward quick action on his legal fee indemnification claims, citing "great risk" from mounting personal liability exposure.