“Too Good to be True” Returns: Ontario Judge Orders Ponzi Investors to Repay Profits

Unwana Udo of Devry Smith Frank shares how the Ontario Superior Court in the Grozelle bankruptcy ordered Ponzi scheme “net winners” to disgorge profits as fraudulent conveyances, reinforcing that investors cannot retain gains derived from others’ losses and that such recoveries must be redistributed to achieve equitable treatment among creditors.

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