Once again, a federal judge has refused to overturn a jury's verdict of more than $32.7 million in a suit brought on behalf of the victims of a $1 billion Ponzi scheme operated by a Pennsylvania businessman. At the time of its collapse in 1995, The Foundation for New Era Philanthropy was the biggest financial scandal in the history of American charities. Most of the money was stolen from Christian religious organizations and other Philadelphia-area charities.
August 10, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Once again, a federal judge has refused to overturn a jury’s verdict of more than $32.7 million in a suit brought on behalf of the victims of a $1 billion Ponzi scheme operated by Chester County, Pa., businessman Robert L. Bentley.
In its June 2006 verdict, the jury found that Bentley and his Foundation for New Era Philanthropy were aided by a bank and a broker who helped him secure a series of loans that kept the Ponzi scheme alive.
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
Presented by BigVoodoo
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
