How far does privilege go when lawyers apparently have knowledge of a Ponzi scheme? Perhaps not far enough to block a duty to speak, according to an appellate court in Canada, and a McCarthy Tretualt article.  The fact pattern is unusual because t...
By Melissa Atkin In Boughner v. Greyhawk, the Ontario Court of Appeal recently considered different methods for determining how to fairly distribute comingled funds remaining from a collapsed Ponzi scheme. The Court affirmed the decision of the lower court which held that, where practical, remaining funds should be allocated according to the lowest intermediate balance... → Read More
In an August 2, 2012 decision by Justice Bucaria, the court granted in part and denied in part the moving defendants’, IRA Services, Inc. and Ira Services Trust Company (the “IRA Defendants”) motion to dismiss. The action arose out of the plaintiffs’ investments in a Ponzi scheme directed by the non-moving defendant Robert Van Zandt.... Continue Reading