Meeks v. Perroni (In re Armstrong)

ORDER RE MOTIONS FOR SUMMARY JUDGMENT

MARY D. SCOTT, Bankruptcy Judge.

THIS CAUSE is before the Court upon motions for summary judgment filed by the parties. The debtor in this case, Murray Armstrong, is an attorney who organized Ponzi schemes1 and embezzled massive amounts of funds from his clients to support his snowballing Ponzi schemes and gambling debts. As is the nature of Ponzi schemes, his financial difficulties were exacerbated rather than remedied. In an effort to support the snowballing debts arising from his schemes, he borrowed money, and in 1994, began gambling in hopes of winning…