5 Lawyers Charged with Operating Ponzi Schemes
Summary: A list of five lawyers who got caught operating major Ponzi schemes. The Pharm Bro, Martin Shrekli, made headlines…
Ponzi scheme
Pharma Bro Martin Shkreli and Lawyer Evan Greebel Post Bail
Summary: Martin Shkreli and his attorney Evan Greebel have been freed on million dollar bonds. Santa put Martin Shkreli on…
Lawyer Who Confessed to Ponzi Scheme in Suicide Note Pleads Guilty to Fraud
Summary: On Wednesday, former lawyer Charles Bennett pleaded guilty in Manhattan federal court to securities and wire fraud. For five years, he…
Investors File Lawsuit Against Attorneys Involved in a Housing Development Project
Summary: Defrauded investors have joined in a class action lawsuit against a Bismarck North Dakota law firm, acting as escrow…
Malpractice Suit Revived against Katten Muchin Rosenman LLP
Summary: Katten Muchin Rosenman LLP faces a malpractice lawsuit for failing to appreciate the signs that a Ponzi scheme was…
Law Firm Founder Marc Dreier Ordered to Testify in Person at Trial
Summary: The founder of the law firm Dreier LLP, Marc Dreier, has been ordered to testify in-person at a trial…
U.S. Supreme Court Says Investors Can Sue Law Firms Connected with Stanford Ponzi Scheme under State Laws
In Chadbourne & Parke LLP v. Troice et al., the U.S. Supreme Court has held that investors in Stanford’s Ponzi…
Former Madoff Aide Claims He Was Manipulated
An executive that worked for Bernard Madoff on his $17 billion Ponzi scheme should be stopped from calling a witness…
U.S. Bankruptcy Judge Approves $543 Million Madoff Settlement by JPMorgan
U.S. Bankruptcy Judge Stuart Bernstein in New York has approved a $543 million settlement with the trustee for Bernard Madoff's…
Jerome O’Hara and George Perez : Two Madoff Goons on Their Way to Jail
Bernard Lawrence "Bernie" Madoff is an American convicted of fraud and a former stockbroker, investment advisor, and financier. He is…
The Remark that Won’t Be Heard by the Jury
A judge has ruled in the criminal trial of five former Bernard Madoff employees who are accused of assisting…
SEC Thwarts Ponzi Scheme Involving New Zealand Based Companies
The US Securities and Exchange Commission announced on Monday that it had ordered an emergency asset freeze to block a…