Securities Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC

Ruling: 
Trustee in SIPA liquidation litigation could avoid and recover fictitious profits received bydefendant as a result of Ponzi scheme investment from defendant’s IRA. (Bankr. S.D.N.Y.)
Issue: 
Fraudulent Transfers and Obligations; Elements of Fraudulent Transfers; Avoidable
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Commercial case opionion summary, case decided on July 02,2021, LexisNexis #0821-067