ARTICLE
21 February 2022

Biggest Settlement Yet In Gina Champion-Cain Ponzi Scheme Goes To A Hedge Fund That Will Collect $47 Million

CL
Cooley LLP

Contributor

Cooley LLP logo
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. Cooley has nearly 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.
"In what is the largest single settlement yet in the Gina Champion-Cain Ponzi scheme, a Texas-based investment firm that took a more than $55 million financial hit will be able to recoup 85 percent of ...
United States Corporate/Commercial Law

"In what is the largest single settlement yet in the Gina Champion-Cain Ponzi scheme, a Texas-based investment firm that took a more than $55 million financial hit will be able to recoup 85 percent of its losses from Chicago Title, the company responsible for holding investors' money in a bogus liquor license-lending platform."

Read the article (subscription required)

Originally published by The San Diego Union-Tribune

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

[View Source]

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More