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Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Ponzi Scheme

A federal appeals court dismissed Bernard Young’s petition challenging an administrative law judge’s ruling that found him liable for most of the securities violations charges against him relating to his participation in a multi-billion dollar Ponzi scheme between 2006 and 2009.

WASHINGTON — The D.C. Circuit dismissed Bernard Young’s challenge of ruling that holds him liable for securities charges relating to his participation in a multibillion-dollar Ponzi scheme between 2006 and 2009.

Young initially filed his petition in the wrong court, and the 60-day filing deadline had passed by the time he filed it correctly.

Categories / Appeals, Securities

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