You are here

Richard D. Myers, Chap. 7 Trustee v. Jerry Cronk (In re M&M Mktg., LLC, and Premier Fighter, LLC), invol. Ch. 7, BK09-81458-TJM, A11-8096-TJM (Jan. 6, 2014)

Transfers made to the defendants in repayment of their loans to the debtors' principal, who was conducting a Ponzi scheme, were not avoidable as fraudulent. After a trial on the matter, the court found that the defendants received less than they loaned; they acted in good faith; and they gave reasonably equivalent value for the transfers.

Date: 
Monday, January 6, 2014
Judge: 
Judge Timothy J. Mahoney (Retired)