The receiver assigned to manage assets left in the wake of a Ponzi scheme may begin to implement her plan to repay defrauded investors, as a federal district judge has overruled the objections of some of those investors.
Joseph Forte pleaded guilty in the U.S. District Court for the Eastern District of Pennsylvania in 2009 to wire, bank and mail fraud as well as money-laundering charges in connection with the Ponzi scheme, according to press reports at the time.
This content has been archived.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]
