Posted On: 10/07/2015 2:13:37 PM
Post# of 11039
Re: caseyryan1986 #5239
Basically a defense that a Receiver will do more good than harm in response to CRGP having been a scam from the beginning.
They'll have to demonstrate that to a judge; a company not having primary operations in the US doesn't automatically equate that company with being fraudulent. In addition, they'll have to demonstrate the wire transfer was "fake", that CRGP didn't have funds to execute the payment, and that this was intentionally orchestrated to defraud COR due to an intimate knowledge of DTCC accounting and settlement practices.
Good luck, COR.
They'll have to demonstrate that to a judge; a company not having primary operations in the US doesn't automatically equate that company with being fraudulent. In addition, they'll have to demonstrate the wire transfer was "fake", that CRGP didn't have funds to execute the payment, and that this was intentionally orchestrated to defraud COR due to an intimate knowledge of DTCC accounting and settlement practices.
Good luck, COR.
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