Legal Opinion
Gordon v. Royal Palm Real Estate Inv. Fund I, LLLP
District Court, E.D. Michigan
Decided May 25, 2018No. Case No. 09–11770PublishedCited by 1 opinion
1Opinion of the Court
Arthur J. Tarnow, Senior United States District Judge
This case concerns a receiver, appointed on behalf of a convicted Ponzi-schemer, who seeks to recover funds invested in an allegedly fraudulent investment scheme. From 2006 to 2008, Gregory McKnight operated a $72 million Ponzi scheme through his companies Legisi Marketing and Legisi Holdings. In 2007, McKnight and Legisi invested nearly $10 million in Defendant Royal Palm Real Estate Investment Fund, LLLP (the "Fund"). The entire investment was derived from funds obtained through the Legisi Ponzi scheme.
In May 2008, the SEC commenced an…
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- Pinter v. DahlSupreme Court of the United States · 1988
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