The U.S. Court of Appeals for the Seventh Circuit has upheld a court-appointed receiver's decision to factor Ponzi scheme victims' withdrawals into their compensation amounts.
December 03, 2012 at 09:06 PM
1 minute read
The U.S. Court of Appeals for the Seventh Circuit has upheld a court-appointed receiver’s decision to factor Ponzi scheme victims’ withdrawals into their compensation amounts.
On November 29, a unanimous panel affirmed a ruling regarding receiver Kevin Duff’s distribution of the last $1 million of $7 million in recovered funds.
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