McGuireWoods’ Ponzi Litigation team launched its Ponzi Perspectives blog in early 2021. Throughout the past four years, we’ve tracked and posted case alerts on Ponzi-related complaints filed in federal and state courts throughout the country, analyzed key decisions that have the potential to influence controlling law, and posted practical considerations for financial institutions to consider when facing claims from defrauded investors or court appointed receivers and trustees. This 2024 year-end round up summarizes the cases and opinions analyzed throughout the year and highlights anticipated trends for 2025.
Notable Litigation – October 2024
By Alexandra Farley on
Posted in New Complaints
Notable litigation filed in October 2024 includes: (1) Jolley v. WCM Global Wealth, LLC, et al., No. 2024CP2306268 (S.C. Com. Pl.); (2) Vazquez, et al., v. Inventis Ventures Holding, Inc., et al., No. 2024-01436108 (Cal. Super. Ct.); and (3) Jaramillo v. AM Transport Group LLC, et al., No. 2024-020463-CA-01 (Fla. Cir. Ct.).…
Continue Reading… Notable Litigation – October 2024Northern District of New York Dismisses Claim—With Prejudice—of a Bank Aiding-and-Abetting Ponzi Scheme
By Zachary Missan & Melek Dunn on
Posted in Case Analysis
O’Dell v. Berkshire Bank, 5:24-cv-00652 (N.D.N.Y.)
On October 31, 2024, the Northern District of New York dismissed a putative class action against Berkshire Bank (“Berkshire”) with prejudice.[1]
I. Facts
O’Dell involved the standard story of a Ponzi class action against a bank, in which investors lost money through a Ponzi scheme—perpetrated by a…
Continue Reading… Northern District of New York Dismisses Claim—With Prejudice—of a Bank Aiding-and-Abetting Ponzi SchemeNotable Litigation – September 2024
By Karli Celestin on
Posted in New Complaints
Notable litigation filed during September 2024 includes: (1) Williamson, et al. v. Linarducci, et al., No. 24-cv-01526 (S.D. Ind.); (2) Perrotta v. First Edge, LLC, et al., No. 24-cv-01638 (M.D. Fla.); (3) Next Gen. Inv. Grp., LLC, et al. v. Pure Health Enters., Inc., et al., No. 24-cv-06764 (N.D. Cal.); (4) Commodity…
Continue Reading… Notable Litigation – September 2024Notable Litigation – August 2024
By Karli Celestin on
Posted in New Complaints
Notable litigation filed during August 2024 includes: (1) Garcia, et al. v. Jazzberry Digital Solutions, Inc., et al., No. 30-2024-01419250 (Cal. Super. Ct.); (2) Dottore v. Scheibal Property Development, Inc., No. cv-2024-08-08-3519 (Ohio Ct. Comm. Pl.); and (3) SEC v. Mendia-Alcaraz, et al., No. 24-cv-5823 (N.D. Cal.).
Notable Litigation – July 2024
By Katelyn M. Fox on
Posted in New Complaints
Notable litigation filed during July 2024 includes: (1) SEC v. Kralik, et al., No. 24-cv-01460 (C.D. Cal.); (2) Yang, et al. v. Fei, et al., No. 24-cv-05055 (S.D.N.Y.); (3) Mentink, et al. v. Rowe, et al., No. 24-cv-02047 (D.D.C.); (4) Osprey Investment, Inc. v. Sawyer, et al., No. 24-cv-443476 (Cal. Super.
Continue Reading… Notable Litigation – July 2024Notable Litigation – May 2024
By Katelyn M. Fox & Karli Celestin on
Posted in New Complaints
Notable litigation filed during May 2024 includes: (1) Courtney v. Sawyer, et al., No. 24-cv-37962 (Cal. Super. Ct.); (2) two related actions by a court-appointed receiver, captioned Dottore v. FTF Lending, LLC, et al., No. CV-2024-05-1878 (Ohio Ct. Comm. Pl.); Dottore v. MHS Investors LLC, No. CV-2024-05-1904 (Ohio Ct. Comm. Pl.); and…
Continue Reading… Notable Litigation – May 2024Notable Litigation – April 2024
By Haley Usenick Smith on
Posted in New Complaints
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 2024Notable Litigation – March 2024
By Kelly Hogan, Haley Usenick Smith & Katelyn M. Fox on
Posted in New Complaints
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.
Ponzi Perspectives: 2023 Year-End Roundup
Posted in Roundups
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.