Securities
Jun. 18, 2009
Fund Transfer To Latham Under Scrutiny
A former aide to accused Orange County Ponzi mastermind Danny Pang says a payment was made to Los Angeles-origin legal powerhouse Latham & Watkins on a date when an asset freeze may have been in place.
By Gabe Friedman
Daily Journal Staff Writer An Orange County financier accused by securities regulators of operating a multi-million dollar Ponzi-like scheme may have transferred $1 million to his lawyers at Los Angeles-origin legal powerhouse Latham & Watkins in violation of a court-ordered asset freeze, court documents indicate. The timing of the alleged transfer has prompted an inquiry from a court-appointed receiver and its lawyers now ove...
Daily Journal Staff Writer An Orange County financier accused by securities regulators of operating a multi-million dollar Ponzi-like scheme may have transferred $1 million to his lawyers at Los Angeles-origin legal powerhouse Latham & Watkins in violation of a court-ordered asset freeze, court documents indicate. The timing of the alleged transfer has prompted an inquiry from a court-appointed receiver and its lawyers now ove...
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