Jeff Schneider on Ponzi Scheme Lawsuit

Jeff Schneider is quoted in an article in Law360 on recent settlements worth more than $4 million in a U.S. Securities and Exchange Commission suit, in which he served as receiver, over an alleged $30 million Ponzi scheme operated by two diamond companies and a purported cryptocurrency business that targeted investors in the U.S. and Canada. Schneider said he thinks the Gold 7 judgment is a positive development for the case, explaining, “It eliminates the risk, expense and delay of a trial and allows for the pieces to be brought into the receivership for the benefit of the victims of the fraud.” Read more.

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