The Securities and Exchange Commission (SEC) has accused a former Boca Raton company and a California investor of running a $1.2 billion Ponzi scheme. The SEC claims the scheme defrauded 8,400 investors, many of whom were senior citizens. According to the complaint,...
Month: December 2017
Receivers are an asset when liability is found in Ponzi schemes
In the last year, there have been several Ponzi schemes unearthed in Florida. The chief architect of one such scheme that bilked Floridians out of $55 million is considering a plea deal, but whether victims of the fraud will be able to recover any of their losses...
Florida developers react to millennials’ generational disruption
The burgeoning population of millennials in Florida is having a profound effect on commercial real estate transactions in the state. At more than 75 million individuals, millennials - those born between 1980 and 1997 - are the largest consumer group ever to have to...
Crossing the line: corporate disputes and tortious interference
Competition -- friendly or otherwise -- is a normal part of doing business. It drives value, innovation, and market growth. Sometimes, however, competition can go too far and give rise to a legitimate business dispute. Tortious interference is one place where...