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Litigation

Jun. 24, 2000

Six-Year Teachers' Suit Still Haggling Over Receivership

SANTA ANA - For 20,000 California teachers, their lesson in retirement planning and finance came the hard way. Victims of an alleged Ponzi scheme that materialized during the heyday of the California real estate boom during the 1970s and ' 80s, the educators invested hundreds of millions of dollars with the now defunct Teachers Management & Investment Corp .

By Michael Jonathan Grinfeld
Daily Journal Staff Writer

        
         SANTA ANA - For 20,000 California teachers, their lesson in retirement planning and finance came the hard way.
         Victims of an alleged Ponzi scheme that materialized during the heyday of the California real estate boo...

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