What is a Receiver?

Often, when a company or individual is suspected of fraud,either because of a criminal indictment or a civil suit from the SEC or a private individual, the Courts will take action to make sure that an “outside”person has some level of authority over the assets or operations of that company.

The Genesis and Evolution of the “Ponzi”

Madoff. Stanford. Rothstein. “Ponzi” schemes are now ubiquitous — the type of fraud where investors are repaid their own money so that the scheme appears to be a successful investment and more investors can be hoodwinked.