Legal Question in Business Law in Ohio

Questions about Ponzi operations

If you invest in an investment business and are unaware that it is a ponzi scheme, can you be held liable?

If you invest in an investment firm and are aware that it is a ponzi scheme, can you be held liable?

What percentage of payout money must not be member investments in order for an investment firm to be legitimate?

Asked on 2/07/06, 6:36 pm

1 Answer from Attorneys

William Chris Roderick Linton Belfance LLP
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Re: Questions about Ponzi operations

A lot depends on the involvement of the investor. Was that person a member of the company or an officer. Was there notice? From the civil aspect, there can be liabiltiy. For more information, look into matters involving Andy Bodnar.

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Answered on 2/08/06, 8:06 am

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