Panel Upholds District Court’s Findings In Ponzi Schemer’s Criminal Suit

Mealey's (February 11, 2021, 10:54 AM EST) -- RICHMOND, Va. — A federal district court did not err in denying an investment adviser’s motion for a continuance leading up to her trial and ultimate conviction on charges stemming from her operation of a Ponzi scheme because the district court’s ruling was “neither unreasonable nor arbitrary,” a Fourth Circuit U.S. Court of Appeals panel ruled on Jan. 21....