June 02, 2023
A Florida federal judge has awarded $5.5 million in attorney fees to counsel representing investors in a $170 million Ponzi scheme suit lodged by the U.S. Securities and Exchange Commission against a Florida real estate company.
May 01, 2023
A Florida federal judge ruled Monday that a couple targeted by a receiver's clawback lawsuit cannot intervene in a pending U.S. Securities and Exchange Commission case over a $170 million Ponzi scheme, finding the duo failed to secure necessary approval from the agency.
February 23, 2023
An elderly couple targeted in a clawback suit by the court-appointed receiver in a $170 million Ponzi scheme asked a Florida federal court Wednesday to allow discovery into the receivership's finances to determine if the assets controlled by the receiver are sufficient to pay all outstanding debts.
January 06, 2023
A group of attorneys who represented investors defrauded in a real estate Ponzi scheme asked a Florida federal court for $5.5 million in fees for their work pursuing a lawyer they said helped to implement the scam.
August 24, 2021
A Florida federal judge on Tuesday approved a settlement that will allow a court-appointed receiver to claw back $1.3 million from investors who received "false profits" from an alleged $170 million Ponzi scheme run through a Florida real estate company.
March 08, 2021
The chief executive of a purported Florida real estate company can't escape claims that he scammed 1,100 investors, some of them seniors, out of more than $170 million, a federal judge in Tampa ruled Monday.
February 18, 2020
The executives of a Florida real estate company scammed 1,100 investors, some of them seniors, out of more than $170 million by misusing more than half of that sum and disbursing Ponzi payments to avoid detection, according to the U.S. Securities and Exchange Commission.