March 03, 2025
A Florida federal judge has signed off on a $38 million deal resolving legal malpractice claims against Eckert Seamans Cherin & Mellott LLC by investors who fell victim to a Ponzi scheme carried out by Par Funding, which enlisted the firm to help create the business model the lender ultimately used in the scheme.
December 16, 2024
A Florida federal judge on Monday approved a distribution plan by the receiver for Par Funding and authorized the first distribution of more than $110 million that the receiver has collected for the investors who were defrauded in a Ponzi scheme that raised nearly a half-billion dollars.
November 19, 2024
A Florida federal judge has granted a $196 million judgment against a group of fraudsters to the U.S. Securities and Exchange Commission after fixing what he called a "scrivener's error" in the original order that caused the Eleventh Circuit to overturn a part of the award in September.
November 27, 2023
A Florida federal judge on Monday delayed a contempt ruling against the owner of a merchant loan business accused of fraud and denied her request to use funds to pay attorneys, saying he's not convinced there has been a change in circumstances to modify an order freezing her assets.
December 15, 2021
The U.S. Securities and Exchange Commission prevailed Wednesday in a lawsuit accusing a South Florida financial adviser of committing securities fraud as part of a scheme the government said raised nearly half a billion dollars from some 1,200 investors.
December 07, 2021
Defense counsel told a federal jury Tuesday that the U.S. Securities and Exchange Commission is trying to make a scapegoat of a South Florida financial adviser as he went to trial on claims of securities fraud over his role in an alleged scheme the government says raised nearly half a billion dollars from some 1,200 investors.