It’s always nice to see family members working well together. Well, maybe not always. One exception is when a mother and her stepson team up to run a massive Ponzi scheme that bilked hundreds of thousands of investors across the ...

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Grayson v. Anderson (Lawyers Weekly No. 001-046-16, 24 pp.) (Niemeyer, J.) No. 14-1991, March 7, 2016; USDC at Charleston, S.C. (Norton, J.) 4th Cir. Holding: Plaintiffs who were the subject of a massive Ponzi scheme centered in South Carolina, and ...

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Levin v. Jacobson (Lawyers Weekly No. 15-15-1117, 23 pp.) (Louis Bledsoe III, J.) 2015 NCBC 108 Holding: The plaintiff-LLC members argue that each investor suffered individual harm because each investor’s capital contributions were transferred from the LLC’s account into the ...

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FORT LAUDERDALE, Fla. (AP) — A former investment adviser became the latest participant in disbarred attorney Scott Rothstein’s $1.2 billion Ponzi scheme to head to prison when a judge sentenced him Monday to 2.5 years behind bars. Michael Szafranski, 37, got less ...

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Bradshaw v. Maiden (Lawyers Weekly No. 15-15-0803, 30 pp.) (Louis Bledsoe III, J.) 2015 NCBC 76 Holding: As the administrator of a fund that was operating as a Ponzi scheme, defendant SS&C Fund Administration Services, LLC had a duty to ...

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A Charlotte man has been sentenced to more than five years in prison for his role in a Ponzi scheme.

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GRAHAM — A Burlington woman has pleaded guilty in a scheme that prosecutors say defrauded more than two dozen people out of more than $1.6 million. The Times-News of Burlington reported that 42-year-old Angela Dawn Campbell pleaded guilty to five ...

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National Financial Partners Corp. v. Estate of Stokes (Lawyers Weekly No. 14-15-0965, 34 pp.) (Louis Bledsoe III, J.) 2014 NCBC 49 Holding: Although plaintiffs purchased an investment firm that appears to have been running a Ponzi scheme, plaintiffs do not ...

Tagged with: Constructive Trust Ponzi scheme

CHARLOTTE (AP) — A man accused of running a Ponzi scheme that bilked about 25 Charlotte investors out of more than $2.5 million has pleaded guilty to securities fraud. U.S. Attorney Anne Tompkins said Claude Darrell McDougal, 55, pleaded guilty ...

Tagged with: Guilty Plea Ponzi scheme U.S. District Court

A Charlotte man has been ordered to pay a $2 million civil penalty for operating a Ponzi scheme.

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