Ponzi Scheme Cases
#1- Dawson Mortgage Fraud case. Our firm is representing the victims of amajor mortgage fraud -Ponzi scheme case in New York State Court seeking to recover damages resulting from fraud associated with the granting of home mortgage loans under highly suspicious circumstances.
Please click to read the Court’s decision and the New York Times report on the Dawson Mortgage Fraud case.
#2- Grund v Principal Financial-New York federal Judge Robert Sweet rendered a decision allowing a class of investors in the Westgate Ponzi scheme to seek recovery of their $150 million in losses from Principal Financial, the IRA custodian.
This is the first decision of its kind in favor of investors and could change the landscape in this area of the law.