Man’s Salary, Home Renovations Not Recoverable To Ponzi Scheme Estate

Mealey's (August 24, 2022, 9:37 AM EDT) -- DENVER — A 10th Circuit U.S. Court of Appeals panel on Aug. 22 ruled that a federal district court erred in determining that wages paid to a man and his company were not recoverable by a court-appointed receiver as part of her attempt to recover funds stemming from a Ponzi scheme because the salary payments were “reasonably equivalent value” for the services he rendered....