Federal Judge Grants Default Judgment, Disgorgement Against Ponzi Defendant

DALLAS - A federal judge in Texas on Jan. 4 granted the Securities and Exchange Commission's motion for default judgment against a defendant in a Ponzi scheme case, including disgorgement of nearly $4 million, ruling that default judgment was warranted because the defendant did not attempt to defend itself (U.S. Securities and Exchange Commission v. Blackwell, et al, No. 11-00234, N.D. Texas; 2012 U.S. Dist. LEXIS 490). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com