Legal Opinion
Securities & Exchange Commission v. Huber
Court of Appeals for the Seventh Circuit
Decided November 29, 2012No. 12-1285PublishedCited by 10 opinions
1Opinion of the Court
POSNER, Circuit Judge.
William Huber operated a Ponzi scheme in which 118 investors lost a total of $22.6 million. He had told his investors — mainly friends and acquaintances, who trusted him — that he administered three investment funds, using a computer trading model. He had started the funds in 1996 but by 1998 or 1999 had converted them (secretly of course) to a Ponzi scheme in order to cover losses that the funds had incurred. Eventually his fraud was discovered. He was prosecuted, pleaded guilty to mail fraud and related crimes, and was sentenced to 20 years in prison. See United States…
2Cases cited10 opinions
- In Re Bernard L. Madoff Investment Securities LLCCourt of Appeals for the Second Circuit · 2011
- Scholes v. LehmannCourt of Appeals for the Seventh Circuit · 1995
- Securities & Exchange Commission v. Forex Asset Management LLCCourt of Appeals for the Fifth Circuit · 2001
- Securities & Exchange Commission v. Wealth Management LLCCourt of Appeals for the Seventh Circuit · 2010
- Securities & Exchange Commission v. ByersDistrict Court, S.D. New York · 2009
5 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Securities & Exchange Commission v. CallahanDistrict Court, E.D. New York · 2016
- CCWB Asset Investments, LLC v. Gregory MilliganCourt of Appeals for the Fourth Circuit · 2024
- In re Vaughan Co.United States Bankruptcy Court, D. New Mexico · 2015
- Big Shoulders Capital LLC v. San Luis & Rio Grande Railroad, Inc.District Court, N.D. Illinois · 2019
- Commodity Futures Trading Commission v. AlexandreDistrict Court, S.D. New York · 2025
5 more not listed; retrieve them via the Exa API.