Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Wednesday, March 27, 2024 | Back issues
Courthouse News Service Courthouse News Service

Classic Ponzi

Japanese and U.S. citizens claim in Utah's Weber County court that they were the victims of a $50 million classic Ponzi scheme perpetrated by people claiming to be investment advisers.

OGDEN, Utah - Japanese and U.S. citizens claim in a lawsuit filed in Utah's Weber County court that they were the victims of a $50 million classic Ponzi scheme perpetrated by people claiming to be investment advisers.

Plaintiff in the case is the RBT Victim Recovery Trust. Defendants include Ronald Talmage, Annette Talmage, Liu Hsiu Chen; New Century Properties, Rivercliff Farm, Heng Chong Pacific, World-Wide Investments, and WWIS Ltd.

Categories / Securities

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...