Author: Collin L. Ryan, Associate Member, University of Cincinnati Law Review Talk is cheap, put your money where your mouth is, et cetera—all idioms that reflect a common underlying theme that in order for one’s statements to be taken seriously, one must take a formal action threatening stern consequences. Anything less, and others will think... Continue Reading →
Gaming the System: Are Ponzi Schemers Receiving Proper Criminal Sentences?
Author: Collin L. Ryan, Associate Member, University of Cincinnati Law Review Ponzi schemes have existed for many years and their internal structure is well understood. Schemers solicit funds from individuals as “investments,” but keep the money themselves and pay “returns” to those investors from additional funds that are received from other new investors.[1] Consequently, the... Continue Reading →
“Costanza Defense” Potentially No Longer Applicable in Class Action Securities Claims
Author: Collin L. Ryan, Associate Member, University of Cincinnati Law Review George Costanza once imparted to Jerry Seinfeld the infamous advice, “It’s not a lie, if you believe it.”[1] Although this advice is entertaining, the Supreme Court granted certiorari last March to resolve a circuit split regarding the extent to which Mr. Costanza’s advice applies... Continue Reading →