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Ponzi Scheme Blocked by Judge | Real Estate News
Mark Nussbaum, accused of running a $400M Ponzi scheme through his law firms, tried to force dissolution into bankruptcy court to stall asset discovery—but Judge Sean Lane called it a bad faith move. With no employees, cash flow, or reorganization plan, the judge sent the wind-down back to state court, where creditors will continue chasing recovery after Nussbaum allegedly diverted $336M to a now-dead partner. His attempt to use bankruptcy as a shield failed, exposing the high-stakes legal chess game behind massive fraud cases. Listen in comfort:Get a discount on a Soli Pillow…
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