05/01/2012 01:00:00 PM EST
Kathy Bazoian Phelps Discusses Legal Issues in Ponzi Scheme Litigation
On this edition, Kathy Bazoian Phelps of Danning, Gill, Diamond & Kollitz, LLP in Los Angeles discusses litigation arising from Ponzi schemes and details the legal theories for pursing claims against financial institutions, accountants and attorneys. She highlights trends in clawback/fraudulent transfer litigation and describes the red flags that may indicate the existence of a Ponzi scheme. Ms. Phelps is co-author of The Ponzi Book: A Legal Resource for Unraveling Ponzi Schemes, which is available for purchase at www.lexisnexis.com/ponzibook. Copyright© 2012 LexisNexis, a division of Reed Elsevier Inc. All rights reserved. Visit www.lexisnexis.com/community/bankruptcylaw.