Litigation
Nov. 1, 2013
Widow on the hook for $114.5M verdict in husband's ponzi scheme
The 5th District Court of Appeal in Fresno rejected Kathleen Otto's appeal seeking to avoid liability in the verdict against her husband, who committed suicide in 2009.
Daily Journal Staff Writer
A woman is on the hook for $114.5 million lost in her dead husband's Ponzi scheme.
The 5th District Court of Appeal in Fresno rejected Kathleen Otto's appeal seeking to avoid liability in the verdict against her husband, who committed suicide in 2009.
John Otto was the mastermind of a Ponzi scheme that defrauded about 1,200 victims, most of them from California, out of millions of dol...
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