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To: Ernest_at_the_Beach; AuntB; org.whodat; CutePuppy

Under the legal principle of “fraudulent conveyance,” one cannot profit from a fraud.

Every investor was given monthly statements showing the supposed “growth” of the investment.....some rolled it over, some put more in, etc.

But those that took “profits” out——have to give the money back...........legally, one cannot profit from a fraud.


38 posted on 02/20/2009 8:24:47 PM PST by Liz (Problem with socialism is you eventually run out of other people*s money. M. Thatcher)
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To: Liz

Yes, “fraudulent conveyance” is going to be or, at least, should be a large part of this mess. But that’s a part of the “recovery of funds” legal process.


39 posted on 02/20/2009 9:11:10 PM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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