September 13, 2016
A Florida judge Monday found the federal government is not liable for the $30 million a group of federal employees lost in a Ponzi scheme even though the government hired the Ponzi schemer to give them financial advice.
December 11, 2013
A Florida federal judge on Tuesday refused to dismiss a $120 million lawsuit filed against the federal government by investors who lost money in an alleged Ponzi scheme that victimized federal employees, saying discovery was needed to determine the court's jurisdiction.
February 22, 2013
Investors who lost money in a Ponzi scheme that victimized federal employees filed a $120 million suit Tuesday in Florida against the U.S. government, claiming it failed to detect the plot and allowed the alleged fraudster to give presentations at federal agency-sponsored retirement planning seminars.