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Saturday, July 13, 2024 | Back issues
Courthouse News Service Courthouse News Service

Scammed

In a case described as a “jungle novelist Tom Clancy would have been proud of,” a California appeals court set aside a default judgment against a small TV network whose assets were used as collateral for a loan taken out by a large shareholder and his friend — a former congressman — in order to invest in an overseas business opportunity in Ghana, which turned out to be a scam.

SANTA ANA, Calif. — In a case described as a “jungle novelist Tom Clancy would have been proud of,” a California appeals court set aside a default judgment against a small TV network whose assets were used as collateral for a loan taken out by a large shareholder and his friend — a former congressman — in order to invest in an overseas business opportunity in Ghana, which turned out to be a scam. 

Categories / Appeals, Entertainment, Financial, Media

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