Michael Goldberg Quoted in The American Lawyer on Ponzi Schemes

FORT LAUDERDALE, Florida — October 7, 2011 — Michael Goldberg was quoted in The American Lawyer in an article titled “Squeeze Play.”  The article details how investors in R. Allen Stanford’s Ponzi scheme are now at the mercy of a floundering receivership. Surrounding comments on how receiver Ralph Janvey has opted to freeze investor accounts, sue individual investors, and lodge a slew of fraudulent conveyance claims, Michael Goldberg commented, “Under his theory, if Stanford made payments to Con Edison to keep his electricity on, it could be a potential target too.”

Tags: