Litigation Roundup: SEC Calls Out $155M ‘Ponzi Scheme,’ Air Force Contract Fraudsters Owe $70M in Restitution
In this week’s edition of Litigation Roundup, the U.S. Securities and Exchange Commission has filed suit against a Texas company it accuses of perpetrating a $155 million Ponzi scheme affecting more than 500 investors, a fracking project funder alleges fraud in a $1.8 million deal, and the Texas Supreme Court clarifies the requirements to bring a Texas Whistleblower Act claim.