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Home / Opinion Digests / Default Judgment for Defrauded Investor (access required)

Default Judgment for Defrauded Investor (access required)

After a partial default judgment and a bench trial on plaintiff investor’s damages from claims of fraud and RICO conspiracy against defendants who urged him to invest over $2 million in the “Old Navajo Foundation,” which was in fact a Ponzi scheme, an Alexandria U.S. District Court awards plaintiff fraud damages of $1.19 million; RICO ...