Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Wednesday, July 9, 2014

Schwartz Estate Settles With Ponzi Scheme Victims

BagFamily members and the estate of Richard Schwartz have settled with ponzi scheme victims for an undisclosed amount. Schwartz claimed to be a wealth manager to steal up to $25 million from victims over the span of 15 years. The settlement will partially compensate the victims involved in the suit, and they plan to continue their lawsuit against additional defendants not involved in the settlement.

See Pat Munsey, Settlements Reached in Schwartz Case, Kokomoperspective.com, July 8, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.


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