Legal Opinion
Bauman v. Bliese (In Re McCarn's Allstate Finance, Inc.)
United States Bankruptcy Court, M.D. Florida
Decided June 30, 2005No. Bankruptcy No. 02-19766-8W7, Adversary No. 03-0566, Adversary No. 03-0568, Adversary No. 03-0570, Adversary No. 03-0682, Adversary No. 03-0652PublishedCited by 51 opinions
1Opinion of the Court
MEMORANDUM OPINION ON MOTIONS FOR SUMMARY JUDGMENT
MICHAEL G. WILLIAMSON, Bankruptcy Judge.
A “Ponzi scheme” is a fraudulent investment arrangement in which returns to investors come from monies obtained from new investors rather than an underlying business enterprise. Establishing the existence of a Ponzi scheme is sufficient to prove a debtor’s actual intent to defraud under either the Bankruptcy Code fraudulent transfer provision found in Bankruptcy Code section 548 or the Florida fraudulent transfer provision found in Florida Statutes section 726.105.
The Defendants in this adversary…
2Cases cited28 opinions
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- Scholes v. LehmannCourt of Appeals for the Seventh Circuit · 1995
- Merrill v. Abbott (In Re Independent Clearing House Co.)District Court, D. Utah · 1987
- In Re FinleyCourt of Appeals for the Second Circuit · 1997
- In Re TaubmanUnited States Bankruptcy Court, S.D. Ohio · 1993
23 more not listed; retrieve them via the Exa API.
3Cited by51 opinions
- Rieser v. Hayslip (In Re Canyon Systems Corp.)United States Bankruptcy Court, S.D. Ohio · 2006
- Grayson Consulting, Inc v. Wachovia Securities, LLC (In Re Derivium Capital LLC)Court of Appeals for the Fourth Circuit · 2013
- In Re Bayou Group, LLCUnited States Bankruptcy Court, S.D. New York · 2007
- Wiand v. WaxenbergDistrict Court, M.D. Florida · 2009
- Bayou Accredited Fund, LLC v. Redwood Growth Partners, L.P. (In Re Bayou Group, LLC)United States Bankruptcy Court, S.D. New York · 2008
46 more not listed; retrieve them via the Exa API.