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Alleged Ponzi Scheme Invokes Legal Fees

HOUSTON (CN) - Thomas Emmick's Core Funding Group is a Ponzi scheme that claims to "purchase receivables from plaintiff's (law) firms nationwide," but uses new suckers' money to pay off old ones, two plaintiffs claim in Harris County. Theypaid $615,000 for an assignment of legal fees froma diet-drug class action. See complaint.

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