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Tag Archives: Ponzi scheme

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 ...

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Madoff trustee gets tough questions on appeal

Irving Picard, the trustee unwinding Madoff’s investment firm in bankruptcy, is seeking court permission to sue “net winners” — customers who withdrew more than they invested with Madoff — as far back as six years before the Ponzi scheme collapsed.

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