A Long Island judge is allowing to go forward some claims of more than 40 victims of a multi-million dollar Ponzi scheme against the financial institutions and individuals allegedly involved in the fraud. Peter J. Dawson was arrested in 2006 and later pleaded guilty to stealing $7.7 million from 53 victims between January 2005 and December 2006. He is serving a five- to 15-year sentence and is now incarcerated at Orleans Correctional Facility, according to the Department of Corrections and Community Supervision website.
A series of legal actions, Hennessy v. Dawson, 19368-2006, Miller v. Dawson, 13770-2007, Frawley v. Dawson, 6697-2007, allege that Mr. Dawson managed the scheme with the aid and assistance from a number of lenders, brokers and insurance companies. In three separate May 20 decisions, Nassau County Supreme Court Justice F. Dana Winslow narrowed the plaintiffs’ claims, letting the negligence claims survive summary judgment challenges because more discovery was required.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
