Legal Opinion
Securities & Exchange Commission v. Forte
District Court, E.D. Pennsylvania
Decided February 24, 2009No. Civil 09-63, 09-64PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM
DIAMOND, District Judge.
Having consented to a freeze of his assets after the Government sued him for securities fraud, Defendant Joseph S. Forte asks me to release funds so that he can pay various expenses. I deny his request.
I. Background
A. The Government’s Allegations
On January 7, 2009, the Securities and Exchange Commission and the Commodity Futures Trading Commission filed related actions, charging that Defendant had violated myriad securities laws through his operation of a “Ponzi” scheme from 1995 to 2008. (No. 09-63, Doc. No. 1; No. 09-64, Doc. No. 1.) The Government based…
2Cases cited10 opinions
- Securities and Exchange Commission v. Manor Nursing Centers, Inc.Court of Appeals for the Second Circuit · 1972
- United States Securities & Exchange Commission v. Infinity Group Co.Court of Appeals for the Third Circuit · 2000
- United States v. Richard H. ThierCourt of Appeals for the Fifth Circuit · 1987
- Securities & Exchange Commission v. ETS Payphones, Inc.Court of Appeals for the Eleventh Circuit · 2005
- Securities & Exchange Commission v. GrossmanDistrict Court, S.D. New York · 1995
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3Cited by3 opinions
- SECURITIES AND EXCHANGE COMMISSION v. HVIZDZAK CAPITAL MANAGEMENT, LLCDistrict Court, W.D. Pennsylvania · 2023
- Securities and Exchange Commission v. LeeDistrict Court, S.D. California · 2019
- Securities and Exchange Commission v. TadrusDistrict Court, E.D. New York · 2023