Receiver Can Recover From Ponzi Scheme Investor, Federal Judge Determines

Receiver Can Recover From Ponzi Scheme Investor, Federal Judge Determines

LOS ANGELES - A federal judge in California on Sept. 12 awarded summary judgment in favor of the receiver for a company that was operated as a Ponzi scheme and against an investor in the company, finding that the perpetrator's plea agreement is evidence of the scheme and dismissing the investor's statute of limitations argument (James H. Donell v. Soheila Mojtahedian, No. 12-2319, C.D. Calif.; 2013 U.S. Dist. LEXIS 131323).

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