Fifth Circuit rules that Stanford Ponzi scheme’s net winners must disgorge profits | Louisiana Record

In a recently filed opinion the Fifth Circuit Court of Appeals affirmed the US District Court for the Northern District of Texas’ decision to grant the plaintiff-appellee’s motion for summary judgment in a Ponzi scheme case, thereby legally obligating the defendants-appellants to return monies paid in excess of their original investments.

via Fifth Circuit rules that Stanford Ponzi scheme’s net winners must disgorge profits | Louisiana Record