Business News • MarketWire • Receiver Appointed in Wake of Arthur Nadel's Ponzi Scheme Prevails in the United States Court of Appeals for the Eleventh Circuit |
Receiver Appointed in Wake of Arthur Nadel's Ponzi Scheme Prevails in the United States Court of Appeals for the Eleventh Circuit |
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Receiver Appointed in Wake of Arthur Nadel's Ponzi Scheme Prevails in the United States Court of Appeals for the Eleventh Circuit
TAMPA, FL--(Marketwired - Jun 2, 2014) - Burton W. Wiand, the court-appointed receiver for the investment funds underlying Arthur Nadel's approximately $400 million Ponzi scheme, and his counsel, Gianluca Morello, Michael Lamont, and Jared Perez, of the law firm Wiand Guerra King P.L., obtained a decision from the United States Court of Appeals for the Eleventh Circuit today in Wiand, as Receiver v. Lee, Case No. 13-10448 (11th Cir. 2014), that firmly establishes a receiver's right to recover fraudulent transfers from a Ponzi scheme. Mr. Morello argued the appeal for the receiver.
View More : http://www.marketwired.com/mw/release.do?id=1916479&sourceType=3
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