finding that defendant corporation was a pyramid scheme, in part, because "almost all funds that were coming into [defendant's] accounts were made up of new investments, not of profits from Club activities"
Summary of this case from Sec. & Exch. Comm'n v. CKB168 Holdings, Ltd.98-5079.
Filed March 24, 1999.
Appeal from D.C.D.C. 995 F.Supp. 167
Affirmed *.
finding that defendant corporation was a pyramid scheme, in part, because "almost all funds that were coming into [defendant's] accounts were made up of new investments, not of profits from Club activities"
Summary of this case from Sec. & Exch. Comm'n v. CKB168 Holdings, Ltd.Full title:U.S. S.E.C. v. Better Life Club of America
Court:United States Court of Appeals, District of Columbia Circuit
Date published: Mar 24, 1999
poses of proving a criminal violation "under the money laundering statutes, due to the fungibility of money,…
United States v. SnipesMr. White appealed. See United States v. White, No. 98-3139, 203 F.3d 54 (Table), 1999 WL 963080, at *1 (D.C.…