A federal judge in Tampa has barred a Swiss hedge fund from making claims against an alleged Ponzi scheme. In an opinion that could have far reaching implications in other investment fraud cases, the court said the fund shouldn’t be allowed to participate in the claims process because it missed too many red flags before […]
Why Sue Stockbrokers if the Court Already Appointed a Receiver?
Frequently Ponzi scheme victims ask us, “Why should we sue our broker?” Often in a Ponzi scheme the court or a regulatory agency like the SEC will try to collect assets on behalf of victims who lost their money. Many clients believe that it is easier to wait for a court appointed receiver to collect […]