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Securities and Exchange Commission v. Management Solutions et al

MEMORANDUM DECISION and Orderdenying 685 Motion for Findings Regarding the Existence and Start Date of a Ponzi Scheme and for Approval to Pool Claims and Assets

40 Cited authorities

  1. Janvey v. Alguire

    647 F.3d 585 (5th Cir. 2011)   Cited 421 times   3 Legal Analyses
    Holding that preliminary injunction was appropriate to protect against monetary asset dissipation

  2. Hirsch v. Arthur Andersen Company

    72 F.3d 1085 (2d Cir. 1995)   Cited 678 times   2 Legal Analyses
    Holding that the claims “are the property of those investors, and may be asserted only by them and to the exclusion of [the Trustee]”

  3. In re Slatkin

    525 F.3d 805 (9th Cir. 2008)   Cited 411 times   1 Legal Analyses
    Holding Ponzi scheme operator's plea agreement to be admissible in fraudulent transfer action despite hearsay objection

  4. Donell v. Kowell

    533 F.3d 762 (9th Cir. 2008)   Cited 336 times   6 Legal Analyses
    Holding that a receiver had standing to bring claims on behalf of a defrauded entity under the California Uniform Fraudulent Transfer Act

  5. U.S. v. Silvestri

    409 F.3d 1311 (11th Cir. 2005)   Cited 270 times
    Holding that defense counsel's statement that a district court's jury instructions "covered the bases" triggered the invited-error rule

  6. In re Bonham

    229 F.3d 750 (9th Cir. 2000)   Cited 228 times   7 Legal Analyses
    Finding a substantive consolidation order appealable because it “seriously affects the substantive rights of the involved parties”

  7. In re Bernard L. Madoff Investment Securities LLC

    654 F.3d 229 (2d Cir. 2011)   Cited 157 times   4 Legal Analyses
    Affirming the use of Trustee's proposed Net Investment Method, endorsed in Antecedent Debt Decision

  8. Barclay v. Mackenzie

    525 F.3d 700 (9th Cir. 2008)   Cited 166 times
    Finding payments in Ponzi scheme to have been made with actual fraud

  9. Bear, Stearns Securities Corp. v. Gredd (In re Manhattan Investment Fund Ltd.)

    397 B.R. 1 (S.D.N.Y. 2007)   Cited 159 times   2 Legal Analyses
    Holding that a transfer must "further a Ponzi scheme" for the presumption to apply

  10. In re M L Business Machine Company, Inc.

    84 F.3d 1330 (10th Cir. 1996)   Cited 220 times   1 Legal Analyses
    Holding that a transfer is not taken in good faith "if the circumstances would place a reasonable person on inquiry of the debtor's fraudulent purpose"

  11. Section 78j - Manipulative and deceptive devices

    15 U.S.C. § 78j   Cited 12,502 times   165 Legal Analyses
    Granting SEC power to establish rules to further statute forbidding manipulative or deceptive devices in connection with purchase or sale of securities

  12. Section 77q - Fraudulent interstate transactions

    15 U.S.C. § 77q   Cited 3,299 times   38 Legal Analyses
    Prohibiting the use of "any device, scheme, or artifice to defraud" in connection with the offer or sale of any security

  13. Section 77e - Prohibitions relating to interstate commerce and the mails

    15 U.S.C. § 77e   Cited 1,851 times   25 Legal Analyses
    Requiring registration statement before selling securities

  14. Section 77 - Discrimination against neutral Americans in time of war

    15 U.S.C. § 77   Cited 1,802 times   12 Legal Analyses
    Granting right of recovery to " any person acquiring such security (unless it is proved that at the time of such acquisition he knew of such untruth or omission)"

  15. Section 78o - Registration and regulation of brokers and dealers

    15 U.S.C. § 78o   Cited 977 times   52 Legal Analyses
    Requiring broker-dealers to be FINRA members

  16. Section 240.10b-5 - Employment of manipulative and deceptive devices

    17 C.F.R. § 240.10b-5   Cited 9,196 times   133 Legal Analyses
    Holding liable any person who "make any untrue statement of material fact"