On May 27, 2022, Plaintiff Melanie E. Damian, in her capacity as the Court-Appointed Receiver for Today’s Growth Consultant, Inc. d/b/a The Income Store (“TGC”) (the “Receiver”) filed a complaint against Defendant SmithAmundsen, LLC (“Defendant”) in the Northern District of
Ponzi Perspectives
Analysis, Impact, and Outlook on Ponzi Scheme Litigation
Ponzi Perspectives, published by McGuireWoods LLP, focuses on legal developments related to Ponzi scheme litigation. The blog tracks and analyzes complaints filed in federal and state courts, covering cases involving traditional and emerging Ponzi schemes, including those related to cryptocurrency, clean energy tax credits, and other alternative investments. It discusses government enforcement actions by agencies such as the SEC and CFTC, as well as civil litigation initiated by defrauded investors and court-appointed receivers. The blog also addresses legal standards for claims against financial institutions accused of aiding and abetting fraud, and provides insights into trends and practical considerations for parties involved in Ponzi-related disputes.
Latest from Ponzi Perspectives - Page 5
New Complaint – SEC v. Minuskin, et al.
Securities and Exchange Commission v. Minuskin, et al. was filed in the United States District Court for the Southern District of California on April 8, 2022, claiming violations of several provisions of the Securities Act and Securities Exchange Act. Specifically,…
New Complaint – SEC v. David J. Bunevacz et al.
Securities Exchange Commission v. David J. Bunevacz et al. was filed in the United States District Court for the Central District of California on April 5, 2022, seeking an injunctive relief, disgorgement, and civil penalties. Specifically, the complaint alleges violations…
New Complaint – Oregon JV LLC v. Advanced Investment et al.
Oregon JV LLC v. Advanced Investment et al. was filed in the United States District Court for the District of Oregon on March 2, 2022. Plaintiff asserts claims sounding in fraud and requests compensatory and equitable relief against a construction…
New Complaint – Chan v. Anthony, et al.
Chan v. Anthony, et al. was filed in the District Court for Denver County, Colorado on March 1, 2022, asserting claims under the Colorado Securities Act for securities fraud, investment advisor fraud, unlicensed broker/dealer activity, unlicensed investment adviser activity, and…
New Complaint – Aarus Enterprises LLC v. Burgerim Group USA, Inc.
Aarus Enterprises LLC v. Burgerim Group USA, Inc. was filed in the Superior Court of California for the County of Los Angeles on February 15, 2022, seeking civil damages from a fraudulent investment scheme involving the purchase and sale of…
New Complaint – Tu Le et al. v. Prestige Community Credit Union
Tu Le et al. v. Prestige Community Credit Union, filed in the United States District Court for the Central District of California on February 18, 2022, is the second putative class action filed in connection with a church-based investment scheme…
New Complaint – Bui v. Nguyen, et al.
Bui v. Nguyen was filed in California Superior Court on December 30, 2021, claiming relief for civil damages. Specifically, the complaint alleges claims for breach of contract, breach of fiduciary duty, promissory fraud, constructive fraud, fraudulent concealment, and conversion.
Plaintiffs…
New Complaint – yLoft LLC v. Bechtler, Parker, Watts, P.S.C.
yLoft, LLC v. Bechtler, Parker & Watts, P.S.C. was filed in the Circuit Court for Jefferson County, Kentucky on January 18, 2022, asserting claims for negligent misrepresentation, fraudulent misrepresentation, violation of state securities laws, and unjust enrichment against an accounting…
New Complaint – Andersen, et al. v. Gigapix Studios, Inc.
By Jenny Yi
Andersen, et al. v. Gigapix Studios, Inc. was filed in the Superior Court of California, County of Sacramento on January 13, 2022 seeking civil damages for claims of fraud and misrepresentation.
Plaintiffs are a group of individuals who invested in…