March 20, 2024
The Eleventh Circuit revived a receiver's Florida lawsuit seeking to recover $22 million allegedly lost in a Ponzi scheme, saying he has standing to bring fraudulent transfer claims by several companies used in the fraud because they're no longer the "evil zombies" controlled by the perpetrators.
March 05, 2024
A receiver appointed to recover fraudulently transferred assets in the wake of a foreign exchange Ponzi scheme urged the Eleventh Circuit on Tuesday to revive its suit against an alleged operator under "evil zombie" standing, arguing that the wrongdoers no longer control the companies it represents.