Federal Judge Grants Default Judgment To Receiver In Ponzi Scheme Suit

Federal Judge Grants Default Judgment To Receiver In Ponzi Scheme Suit

PHILADELPHIA - A federal judge in Pennsylvania on July 3 granted a $40,000 default judgment in favor of the receiver of an estate established to recover funds stolen in a Ponzi scheme, finding that the receiver will be prejudiced if default judgment is denied, that the defendants do not have any meritorious defenses and that without an explanation from the defendants, their culpability is presumed (Kamian Schwartzman v. Rogue International Talent Group Inc., et al., No. 12-5255, E.D. Pa.; 2013 U.S. Dist. LEXIS 94076).

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