Published on May 20, 2022
California Bankruptcy Forum
34th Annual Insolvency Conference
Panelists David Stapleton; Hon. William J. Lafferty, III, Bankruptcy Court, Northern District of California; Kathy Bazoian Phelps of Phelps, Raines Feldman; and Debra Grassgreen of Pachulski Stang Ziehl & Jones presented “Ponzi Schemes: Stairway to Prison” at CBF’s 34th Annual Insolvency Conference.
The panel reviewed recent Ponzi Scheme cases, exploring some persistent issues: the scope of Ponzi schemes, the Ponzi scheme presumption, and broader bankruptcy policy considerations. The panelists discussed prosecuting frequently brought claims by trustees and receivers and commonly used defenses. In those cases where not all that glittered was gold, the panelists explored the various paths available for distributing funds to creditors and investors.
For more information, contact David Stapleton.