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To: fuzzylogic

The legal doctorine is called “clawback” and it is used be receivers unwinding a ponzi scheme to level out the losses.

In a Ponzi Scheme, earlier investors are provided return on principal and often return OF principal with the principal (original investment) of newer investors. The theory is that you unwittingly benefited from criminal activity and should not have, since you participated in the later investors losing their money.

https://www.nortonrosefulbright.com/en/knowledge/publications/a2e6cab3/even-the-winners-lose-in-a-ponzi-scheme-payments-made-to-investors-in-a-ponzi-scheme-clawed-back-as-fraudulent-conveyances


11 posted on 09/07/2023 10:22:31 AM PDT by L,TOWM (An upraised middle finger is my virtue signal.)
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To: L,TOWM; TexasGator

Thanks. It seems like another way to subjectively target something.


29 posted on 09/07/2023 12:01:14 PM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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