In Merkin, as here, the alleged Martin Act violations did not occur until years after the offering documents were issued, and the offering documents were not "misleading" until the defendant engaged in conduct that contradicted them.
Summary of this case from People v. AllenFebruary 8, 2010.
Fraud — Martin Act — Ponzi Scheme.
In Merkin, as here, the alleged Martin Act violations did not occur until years after the offering documents were issued, and the offering documents were not "misleading" until the defendant engaged in conduct that contradicted them.
Summary of this case from People v. AllenFull title:People v. Merkin (J.)
Court:Supreme Court of the State of New York. NY County
Date published: Feb 8, 2010
efendants did not act with reasonable prudence in managing the money Plaintiffs and the other investors…
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