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Home / Opinions / Courts / 8th U.S. Circuit Court of Appeals / Bankruptcy: Ponzi Scheme-Adversarial Proceeding-Avoidance of Fraudulent Transfers

Bankruptcy: Ponzi Scheme-Adversarial Proceeding-Avoidance of Fraudulent Transfers

Following the collapse of a Ponzi scheme that purchased stock in debtors, the bankruptcy trustee filed an adversarial suit against defendants to avoid as fraudulent transfers loan payments made to defendants by entities in the Ponzi scheme. The bankruptcy court granted defendants’ motions to dismiss. Where trustee merely alleged the general structure of a Ponzi scheme ...

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