Panel Upholds Federal Judge’s Summary Judgment Ruling In Ponzi Scheme Suit

Mealey's (May 29, 2019, 2:14 PM EDT) -- NEW YORK — Without providing further detail, a Second Circuit U.S. Court of Appeals panel on May 28 affirmed a federal judge’s granting of a receiver’s summary judgment motion in a securities fraud lawsuit stemming from the operation of a massive Ponzi scheme (John J. Carney v. Francisco Illarramendi, No. 18-1334, 2nd Cir., 2019 U.S. App. LEXIS 15690)....