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In re Commercial Money Center, Inc., Equipment Lease Litigation

  1. November 23, 2011

    CMC Ponzi Suits Sent To Trial After Decade Of Litigation

    An Ohio federal judge on Wednesday ordered expeditious trials for all but one suit in the Commercial Money Center Inc. equipment lease litigation brought by a group of banks over insurer-issued bonds tied to an alleged Ponzi scheme.

  2. June 2, 2010

    Insurers' Fraud Defense OK'd In Ponzi Suit

    A federal judge has given the go-ahead for Royal Indemnity Co. and Safeco Insurance Co. of America to assert fraud defenses in a suit brought by a group of banks over bonds tied to an alleged Ponzi scheme operated by the now-defunct Commercial Money Center Inc.