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Home / Editor's Picks / Ponzi victims can’t pierce corporate veil to collect on judgments

Ponzi victims can’t pierce corporate veil to collect on judgments

Victims of a Ponzi scheme who brought their first action to recover their lost investments in 2006 have been dealt a blow with a decision by the 8th U.S. Circuit Court of Appeals that prevents them from reaching the assets of those at fault. The 8th Circuit held that the district court properly granted summary judgment ...
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