Ponzi scheme liability challenged in courts
Tue Sep 1, 2009
A recent appeals decision in New York
highlights the difficulty for investors taking legal action
against investment advisors recommending allocations to what
turn out to be Ponzi schemes.
The 14 July decision in the South Cherry Street LLC v.
Hennessee Group found that an investment advisor who recommends
investment in a fund that later turns out to be a Ponzi can not
be held liable for securities...
ISSN: 2151-1845 / CDC10004H
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