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Back from Spring Break

Well, spring break is over, and you can feel it -- it already feels like summer outside. I'm already missing the blast of cool air from last week.

This week, we'll be sure to hear the Castroneves verdict.

Last week, I missed the 11th Circuit's opinion in Gen. Noriega's case. Looks like he is headed to France (!!). The Federal Criminal Defense Blog -- run by friend of blog Tom Withers -- has all the details.

Liberty City is still moving along. They've had 36 trial days -- Defendant Batiste is on the stand now...

Vanessa Blum covered the Riolo Ponzi scheme here. She raises the interesting question of whether trustees and receivers do more harm than good for investors. South Florida Lawyers covers a similar question here. Friend of blog David Rothstein in the Blum article:

As attorney David Rothstein of Miami put it: "People who perpetrate Ponzi schemes typically don't keep very clean records."Rothstein represents victims of another alleged Ponzi scheme under investigation in South Florida. In that case, federal regulators say George Theodule of Lake Worth raised more than $40 million, using fresh funds to repay earlier investors.

Theodule misappropriated at least $3.8 million to purchase expensive luggage, electronics, artwork and jewelry, according to a civil lawsuit filed in December by the U.S. Securities and Exchange Commission.Theodule's attorney, Russell Weigel of Miami, said his client disputes the allegations.To the frustration of his investors, Theodule has not been charged with any criminal activity. And according to Rothstein, it's unknown how much of the money entrusted to Theodule is left."Typically, when people live large, the money evaporates," Rothstein said.

Finally, you'll notice a new comment policy on the blog. You gotta sign in first. You can still post under an alias, but I think this will add a bit more accountability. We'll see how it works.

Full post as published by Southern District of Florida on April 12, 2009 (boomark / email).