Another Ponzi, Another Lawyer

/ 22.Feb, 2012

We have previously remarked that nearly every Ponzi scheme seems to have a lawyers involved on one level or another.  This view was reaffirmed this week when an Albuquerque lawyer, Sylvian Segal, settled an action against him for allegedly having given the idea behind a $75 million Ponzi scheme to the schemer, Doug Vaughan.  According to reports, the settlement was for $525,000, paid to the trustee in charge of recovering money for the fraud victims.

-Josh J.T. Byrne, Esquire