Split 9th Circ. Says Ponzi Schemes Don't Need Proof Of Intent

By Dorothy Atkins · August 23, 2024, 7:45 PM EDT

A split Ninth Circuit panel affirmed Friday a jury's finding in a fraudulent-transfer fight that a now-bankrupt company was a Ponzi scheme, with the majority writing that jurors didn't need to...

To view the full article, register now.