Ponzi Scheme Recovery Suit Can Proceed, Federal Judge Rules

Ponzi Scheme Recovery Suit Can Proceed, Federal Judge Rules

KANSAS CITY, Kan. - A federal judge in Kansas on Aug. 30 refused to dismiss a suit brought to recover funds for the receivership estate of an investment partnership that allegedly operated as a Ponzi scheme, finding that the issue of equitable tolling cannot be determined at the motion-to-dismiss stage (Harvey Sender v. Jeffrey R. Dillow, No. 13-2170, D. Kan.; 2013 U.S. Dist. LEXIS 124185).

Find full version on lexis Advance®
Access this news story on lexis.com®