Federal Judge Grants Summary Judgment In Ponzi Receivership Suit

Mealey's (March 28, 2018, 10:23 AM EDT) -- BRIDGEPORT, Conn. — A federal judge in Connecticut on March 26 granted a receiver’s motion for partial summary judgment in a securities fraud lawsuit stemming from the operation of a massive Ponzi scheme, ruling that a receiver has properly pleaded his claims for violation of state, federal and common law (John J. Carney v. Francisco Illarremendi, No. 12-0165, D. Conn., 2018 U.S. Dist. LEXIS 48855)....