Schwartz v. McGregor was filed in the District Court of Denver County, Colorado on January 10, 2022, seeking relief under Colorado’s Uniform Fraudulent Transfer Act, C.R.S. § 38-8-101-112 (“CUFTA”), including a turnover and accounting and damages for actual and constructive
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 6
New Complaint – Freitag, as Receiver for ANI Development LLC v. Dean Libs, et al.
Freitag, as Receiver for ANI Development LLC v. Dean Libs, et al. was filed in the Southern District of California on January 25, 2022, asserting one claim for fraudulent transfer.
Plaintiff is the court-appointed permeant receiver for ANI Development LLC…
Illinois Federal Court Carves Up Plaintiffs’ Ponzi Scheme Claims For Lack of Actual Knowledge or Bad Faith
Backed by unrealistically ambitious owners, well-intentioned business ideas that fail to meet expectations or become unsustainable regrettably often become full-fledged Ponzi schemes. Today’s Growth Consultant, Inc. (“TGC”) represents an entity that faced the same fate.
TGC advertised to potential investors…
New Complaint – Heinen v. iDigrati, LLC, et al.
Heinen v. iDigrati, LLC, et al. was filed in the Superior Court of Gwinnett County, Georgia on December 16, 2021, claiming civil damages for breach of contract and state securities violations in connection with purported investments in promissory notes sold…
New Complaint – Eckfeldt v. Barber
On the heels of a related action filed by the Securities and Exchange Commission (“SEC”) on November 12, 2021, Eckfeldt v. Barber was filed in the Superior Court of California, Orange County, on December 9, 2021, claiming breach of contract,…
New Complaints – Sharp v. Shinhan Bank Co., et al. & Sharp v. Daishin Securities Co., Ltd.
Two related cases, Bradley D. Sharp v. Shinhan Bank Co., Ltd. (the “Shinhan Action”) and Sharp v. Daishin Securities Co., Ltd. (the “Daishin Action”), were filed in the United States District Court for the Central District of California on November…
Ponzi Perspectives: 2021 Year-End Roundup
McGuireWoods’ Ponzi Litigation team launched its Ponzi Perspectives blog in early 2021 to track key decisions and new cases in Ponzi civil and criminal litigation. Ponzi Perspectives focuses on cases and decisions that have the potential to influence controlling law…
New Complaint – Winkler v. Roshak, et al.
By Jenny Yi
Geoff Winkler, as Receiver for Profit Connect Wealth Services, Inc. v. William Roshak, et al. was filed in the United States District Court for the District of Nevada on November 4, 2021 asserting claims for (1) fraudulent transfer; (2) unjust…
New Complaint – SEC v. Rege, et al.
Securities and Exchange Commission v. Swapnil J. Rege and SwapStar Capital, LLC was filed in the U.S. District Court for the District of New Jersey on October 26, 2021, claiming the defendants violated the Investment Advisors Act by engaging in…
New Complaint – Fiene v. Schweinzger
Christian Fiene and Erik Kiser v. Matthew Schweinzger was filed in the Northern District of Illinois on October 27, 2021, seeking damages of more than $500,000 for state statutory and common law claims related to the Defendant’s role in a…