Trustee in TelexFree Bankruptcy Files a Lawsuit Against Gerald Nehra and the Nehra and Waak Law Firm
May 5, 2016, Massachusetts – The Trustee for the Debtor TelexFree bankruptcy filed a lawsuit against Defendants Gerald P. Nehra, Nehra and Waak law firm, alleging that they were actively involved in promoting the Ponzi scheme and duping customers. The Trustee alleged that the Defendants were retained by the Debtor in the spring of 2012 to provide advice with respect to the implementation of the Debtors’ business plan, but failed to provide the Debtors with any compensable advice during the two years of their retention by the Debtors. The Trustee has now initiated adversary proceeding to recover payments made to the Defendants within two years of the bankruptcy filings as fraudulent transfers.
Repayment of Debt – Not a Preference as the Transfer Did not Enable the Defendant to Receive More Than She Would Have If the Transfer Had Not Occurred.
New Mexico, September 26, 2017 – Debtor and her son were involved in a car…Read More
Fifth Circuit – No Ponzi Clawback From Golf Channel
Janvey v. Golf Channel, Inc., No. 13-11305, 2016 U.S. App. LEXIS 15407 (5th Cir. Aug….Read More
Quantum Foods – Opportunity For Leave to Amend a Complaint be Freely Given
Official Comm. of Unsecured Creditors of Quantum Foods, LLC v. Indep. Purchasing Coop., Inc. (In…Read More
Stanford Receiver Makes Another Attempt to Undo $88M Clawback Verdict
October 13, 2017, New York — The court-appointed receiver handling the Ponzi scheme of Stanford…Read More
Stanford Ponzi Receiver Suffers Jolt on his $88M Clawback Claim Against a Billionaire Investor
January 17, 2017, Texas – Last year, Ralph Janvey, the receiver for a $7 billion…Read More