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: Bodily Injury BlogJudge Orders Damages in Alleged Ponzi Case
By Edward Bills
A North Carolina judge has awarded $3.6 million in damages to a group of investors who claimed they were defrauded in a Ponzi scheme. In the lawsuit, plaintiffs claimed that a former loan official with Family First Mortgage Corp., Lynda Steele, duped investors into loaning her money she then used to pay off other investors. Plainitffs in the case said they were skeptical of ever recovering the award.
Full post as published by Bodily Injury Blog on June 02, 2009 (boomark / email).
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