U.S. Court of Appeals for the 9th Circuit
Nov. 1, 2011
Court allows Ponzi scheme victim to recover money
A man who sank $2.3 million into the $13 million Ponzi scheme will get some of it back instead of seeing it seized by the federal government, a 9th U.S. Circuit Court of Appeals panel ruled Friday.
Daily Journal Staff Writer
In the fallout from Folsom scam artist Stefan Andre Wilson's fraudulent investment scheme, one man who sank $2.3 million into the $13 million racket will get some of it back instead of seeing it seized by the federal government, a 9th U.S. Circuit Court of Appeals panel ruled Friday.
The decision reversed U.S. District Judge Lawrence K. Karlton of Sacramento, who had held that the government's ...
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