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 find an intent to defraud, while a dissenting judge slammed the majority's reasoning as "circular."...

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