Tag «Section 548»

Fifth Circuit Defends Prior Rulings that Ponzi Scheme Trade Creditors Do Not Provide Value Under Bankruptcy Code and Fraudulent Transfer Law Beyond Texas

Fifth Circuit Defends Prior Rulings that Ponzi Scheme Trade Creditors Do Not Provide Value Under Bankruptcy Code and Fraudulent Transfer Law Beyond Texas, After Texas Supreme Court Says They Do Under Texas UFTA if They Fully Perform in the Ordinary Course at Market Rates For nearly twenty years, R. Allen Stanford operated Stanford International Bank, …