9th Circ. Backs SEC Win In Suit Over $800M Ponzi Scheme

By Cara Mannion (June 8, 2017, 2:18 PM EDT) -- The Ninth Circuit on Wednesday upheld the U.S. Securities and Exchange Commission's victory against a Las Vegas man accused of targeting Japanese investors with an $800 million Ponzi scheme, saying the lower court did not abuse its discretion by drawing adverse inferences from his decision not to testify....

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