October 30, 2012
A Washington federal judge entered judgment Tuesday against Merendon Mining Inc. and others over an alleged $300 million Ponzi scheme, finalizing individual settlements and ordering a Merendon attorney to disgorge $5 million after his settlement talks with the government broke down.
May 30, 2012
After a federal judge in Washington state rejected its initial settlement proposal, the U.S. Securities and Exchange Commission was back at the table Wednesday with a revised motion seeking a $4.2 million disgorgement from one of the alleged masterminds of a $300 million Ponzi scheme.
March 05, 2012
A federal judge in Washington state on Monday became the latest to reject settlements inked by the U.S. Securities and Exchange Commission, in this case refusing to bless deals the agency reached with three defendants accused of participating in a $300 million Ponzi scheme.
January 27, 2012
The U.S. Securities and Exchange Commission on Friday settled claims in Washington state against an attorney involved in a gold investment firm's $300 million Ponzi scheme, the firm's second lawyer to strike a deal with the regulator in a week.
January 24, 2012
A lawyer who served as corporate counsel to a gold investment firm that authorities characterized as a $300 million Ponzi scheme agreed Monday in Seattle never to serve as a public executive again and to pay back ill-gotten money.