May 13, 2024
The U.S. Supreme Court on Monday declined to hear a bid by four incarcerated executives with Texas real estate investment trust United Development Funding to overturn a Fifth Circuit ruling upholding their convictions in a Ponzi scheme.
December 14, 2023
Four real estate investment trust executives urged the U.S. Supreme Court to reverse a Fifth Circuit ruling that upheld their Ponzi scheme convictions, arguing that the finding that "flawed" jury instructions in their fraud trial amounted to a harmless error clashes with precedent.