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Judge refuses to reallocate losses in Ponzi scheme (8083)

Adhering to his philosophy that courts should interpret law, not make law, U.S. Bankruptcy Judge John C. Ninfo, II ruled that there was no basis for the Court to reallocate the losses of investors in an alleged “Ponzi” scheme in In re Unified Commercial Capital, Inc., 98-23908. BackgroundSamuel A. Yacono was the sole and/or controlling ...