March 11, 2025
A Texas federal judge has declined to free an entity that accepted part of proceeds from an $8.4 million Ponzi scheme from an SEC action, writing that he could "reasonably infer" the entity did not accept the funds in good faith.
August 16, 2024
The U.S. Securities and Exchange Commission has asked for a default win in its suit against a pair of investment firms that allegedly took part in an $8.4 million Ponzi scheme, arguing the request is warranted after the firms' owners tried unsuccessfully to file pro se responses on the firms' behalf.
November 22, 2023
A New York law firm can't escape charges from the U.S. Securities and Exchange Commission that it aided and abetted an $8.4 million Ponzi scheme allegedly run by one of its clients, after a federal judge denied the firm's bid to be dismissed from the case.
August 07, 2023
The U.S. Securities and Exchange Commission has urged a New York federal judge not to let a law firm out of a suit alleging it played a role in an $8.4 million Ponzi scheme, saying the firm's negligence in ignoring several red flags aided and abetted the fraud.
June 20, 2023
A New York law firm implicated in a U.S. Securities and Exchange Commission complaint for its alleged role in an $8.4 million Ponzi scheme has asked a Texas federal judge to be dropped from the case, arguing federal authorities provided scant reason to believe the firm had aided and abetted the scheme.
March 27, 2023
A New York-based attorney and his law firm "ignored red flags" that allowed a client to operate an $8.4 million Ponzi scheme using the firm's bank accounts, according to a lawsuit announced Monday by the U.S. Securities and Exchange Commission.