Supreme Court Declines To Hear Ponzi Scheme Recovery Case

( May 27, 2025, 2:08 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on May 27 denied a petition for writ of certiorari filed by a bankruptcy trustee for an entity that pleaded guilty to charges related to its involvement in a multibillion-dollar Ponzi scheme who argued that the Eighth Circuit U.S. Court of Appeals misread Minnesota law regarding in pari delicto when it found that a bank the trustee alleged aided in the Ponzi scheme was entitled to it as an equitable defense....