February 03, 2012
A New York federal judge on Friday ordered Credit Bancorp Ltd. to pay $328 million in disgorgement and prejudgment interest in the U.S. Securities and Exchange Commission's case over a Ponzi scheme that brought down the bank.
February 16, 2011
A federal judge has ordered the former chairman and CEO of Credit Bancorp Ltd. to pay about $21 million in disgorgement and prejudgment interest for his role in a Ponzi scheme that brought down the bank.
February 11, 2011
A federal judge has ordered former Credit Bancorp Ltd. executive Thomas Rittweger, currently jailed over an alleged Ponzi scheme, to pay $35 million in disgorgement to end a parallel civil suit from the U.S. Securities and Exchange Commission.