Tag Archives: Scheme

SEC Charges Operators of Woodbridge with Running $1.2 Billion Ponzi Scheme

On December 21, 2017, the Securities and Exchange Commission (“SEC”) formally announced charges, as well as an asset freeze, against the Woodbridge Group of Companies (“Woodbridge”) and its related unregistered investment funds, as well against Woodbridge’s owner and former CEO, … Continue reading

Posted in Securities Law | Tagged , , , , , , , | Leave a comment

Beres: Agency discretion to undo a statutory scheme

In Beres, the case turns on a dispute between the Department and the Commission over whose interpretation of the absenteeism disqualification is most reasonable. In its quest to get its interpretation adopted, the Department is willing to subject all agency … Continue reading

Posted in Administrative law | Tagged , , , , , | Leave a comment

eDiscovery Trends: Madoff Ponzi Scheme Case Documents May Be Turned Over to eData Rooms and Special Masters

The trustee responsible for coordinating the recovery of assets and data involved in Bernard L. ("Bernie") Madoff's $65 billion Ponzi fraud investigation is presently seeking to secure special masters and create an "eData room" to ensure that the enormous volume … Continue reading

Posted in Technology & Cyberlaw | Tagged , , , , , , , , , , , , | 1 Comment

Financial Claims Scheme deposit protection limit reduced

The Treasurer has announced a reduced, permanent cap for the government guarantee for deposits in Australian credit unions, building societies and banks of $250,000 per person per institution (down from $1 million) in the event that a bank, building society … Continue reading

Posted in Business law | Tagged , , , , , , | Leave a comment

SEC accuses Florida pair of $22 million Ponzi scheme

SEC accuses Florida pair of $22 million Ponzi scheme The SEC announced today that it has charged James Davis Risher and Daniel Joseph Sebastian with operating a Ponzi scheme through their private equity fund. The Florida firm allegedly took more … Continue reading

Posted in Administrative law | Tagged , , , , , | Leave a comment