Cain Ponzi News Today

In a 165-word email to staff, Jeff Light wrote that he would leave "this week" but didn't say if it was the result of taking a buyout offered to all employees.

In a 165-word email to staff, Jeff Light wrote that he would leave "this week" but didn't say if it was the result of taking a buyout offered to all employees.

A proposed settlement with Chicago Title of more than $24 million will resolve the last of the lawsuits filed over the last three years by victims in San Diego's largest Ponzi scheme.

More than 80 of about 330 victims in the $400 million Ponzi scheme will recover 70 to 85 percent of their losses.

Chicago Title finalizes two deals that together will settle loss claims of nearly $70 million for dozens of victims defrauded in liquor license-lending platform

The lawsuit, filed this month, is one of nearly a dozen similar legal claims against Chicago Title, which is accused of being complicit in the $400 million Ponzi scheme orchestrated by former restaurateur Gina Champion-Cain.

In a lawsuit filed this month against Chicago Title, the receiver in the Gina Champion- Cain Ponzi scheme case accused the insurance company of helping carry out "brazen acts of fraud" that ultimately cost investors more than $180 million. Receiver Krista Freitag's lawsuit was filed in state court after U.S. District Court Judge Larry Burns last month granted...

Print More than 130 investors bilked in the Gina Champion-Cain Ponzi scheme finally received court approval for settlements of their lawsuits against Chicago Title — paving the way for the return of more than 70 percent of the money that they lost in the high-profile scam. The settlement for the largest group of about 80 investors was cleared on June 3 by U.S. District Court Judge Larry Burns, who is overseeing the case. Known as Atherton investors, they reached an agreement with Chicago Tit...

Print Three groups of investors bilked in the Gina Champion-Cain Ponzi scheme have agreed to settle lawsuits against Chicago Title for a combined $46.65 million, which equates to recovery of about 75 percent of their net losses. The proposed settlements, which must be approved by a judge, were revealed in filings in San Diego federal court on Thursday. The agreements cover loss claims by 130 investors, or roughly a third of all those caught up in the $400 million fraudulent liquor license loan ...