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Fund Blasts Trustee's Deal With Insurer In $70M Ponzi Case

By Rick Archer (March 5, 2018, 7:28 PM EST) -- An investment fund representing directors of an alleged $70 million Ponzi scheme run by a ticket brokerage's former CEO asked a New York bankruptcy court Friday to stop the company's trustee from settling with its directors and officers' insurer, saying any proceeds from the insurance policy belong to the directors, not the estate....

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