Panel Deems Court’s Claims Determination Ruling In Ponzi Scheme Suit On Point

Mealey's (January 18, 2023, 2:07 PM EST) -- NEW YORK — A federal district court’s ruling granting a receiver’s motion for determination of Ponzi scheme victims’ claims pursuant to an approved distribution plan was correct, a Second Circuit U.S. Court of Appeals panel ruled Jan. 17, rejecting arguments made by the claimants that the ruling was erroneous and misapplied the method of distribution to the claims....