Notable litigation filed during April 2024 includes Fielder v. Bullock.

Fielder v. Bullock, No. 16-JCV-24-641 (Ark. Cir. Ct.).

Plaintiff, individually, as Power of Attorney for his parents, and as Trustee of the Fielder Living Trust, filed suit against a defendant schemer in Arkansas state court for losses arising from an alleged Ponzi scheme

Continue Reading… Notable Litigation – April 2024

Notable litigation filed during March 2024 includes SEC v. Sanchez, et al. and four related actions captioned Dottore v. FC Real Estate Development Co., Dottore v. Kensington Pointe Ltd., Dottore v. Seibert Enterprises, Ltd., and Dottore v. Harper.

Continue Reading… Notable Litigation – March 2024

McGuireWoods’ Ponzi Litigation team launched its Ponzi Perspectives blog in early 2021. Since that time, we’ve posted detailed case alerts of Ponzi-related complaints filed throughout the country and posted key decisions that have the potential to influence controlling law on Ponzi-related issues involving financial institutions. This 2023 year-end round up summarizes the cases and opinions analyzed throughout the year and highlights anticipated trends for 2024.

Continue Reading… Ponzi Perspectives: 2023 Year-End Roundup

Notable litigation filed during October 2023 includes: California Land Acquisition and Development Inc. v. Eran Drori, et al.  Additionally, cryptocurrency and the potential for fraud surrounding the increasingly popular industry were on display during the month of October with the trial and conviction of Sam Bankman-Fried, founder of the cryptocurrency exchange company FTX.

Continue Reading… Notable Litigation – October 2023

September was an active month for Ponzi litigation with nearly a dozen new complaints filed alleging fraudulent investment activity. The SEC continues to drive Ponzi-related litigation; in addition to four enforcement actions brought last month, previous SEC litigation precipitated several complaints filed by investors and court-appointed receivers. Consistent with the trends discussed in Ponzi Perspective’s Midyear Roundup, the majority of actions filed in September involved real estate investment schemes and targeted solicitation of affinity groups.

Notable litigation filed in September 2023 includes: (1) Conlan v. Roach, et al.; (2) Reispec Develop. LLC v. Pina, et al.; (3) Dottore v. SDR Realty; (4) SEC v. Kubler, et al.; (5) McGrath v. Palowet Inv., LLC; (6) SEC v. Feloni, et al.; (7) SEC v. Aras Inv. Bus. Grp., et al.; (8) American Eagle Oil & Gas Co., et al. v. Navarro Prod. Co., et al.; (9) Luppino v. Spano, et al.; and (10) SEC v. Motil, et al.

Continue Reading… Notable Litigation – September 2023