Administration of a Mega Ponzi Scheme Case: Receivership v. Bankruptcy

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Administration of a Mega Ponzi Scheme Case: Receivership v. Bankruptcy

November 8, 2016

Co-hosted by ABI and the the National Association of Federal Equity Receivers

Ponzi scheme cases almost always have a hard landing in either a bankruptcy or receivership proceeding. Depending on which administrative filter is imposed on a Ponzi scheme case, the rights of the fiduciary administering the case as well as the rights of creditors and investors can vary significantly.

Kenneth Bell, the receiver of ZeekRewards, one of the largest Ponzi scheme cases ever, and Brian Bash, the bankruptcy trustee presiding over the sizeable Fair Finance Ponzi scheme case, will compare and contrast their experiences in unwinding the frauds in their cases and returning funds to defrauded victims. Stephen Harbeck, the CEO of the Securities Investor Protection Corporation, will add his insights into the administration of a SPIC proceeding like the Bernard Madoff scheme.

The presentation will cover a range of topics typically arising in these types of cases including:

  • The obligations and duties of the different types of fiduciaries
  • Reaching assets and defendants nationwide and worldwide
  • Large classes of fraudulent transfer defendants
  • Substantive consolidation
  • The claims process
  • Stays of litigation
November 8, 2016

75 Minutes 1:00 - 2:15 pm ET

This webinar is FREE to attend - CLE may be added for $25.


Kathy Bazoian Phelps, Moderator
Diamond McCarthy LLP
Los Angeles

Brian A. Bash

Kenneth D. Bell
McGuireWoods LLP

Stephen P. Harbeck
Washington; D.C.