Thoughts on recent Ninth Circuit and California appellate cases from Professor Shaun Martin at the University of San Diego School of Law.
Friday, October 23, 2009
U.S. v. Van Alstyne (9th Cir. - Oct. 22, 2009)
It's a sad commentary on recent financial debacles that my principal reaction to this case was: "What?! You ran a Ponzi scheme and only defrauded 450 (mostly elderly) investors of a measly $10 million?! Chump change."
Such small multi-million dollar Ponzi schemes were (as here) so 1990s.