{"id":8690,"date":"2016-08-26T14:48:22","date_gmt":"2016-08-26T18:48:22","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=8690"},"modified":"2016-08-26T14:48:22","modified_gmt":"2016-08-26T18:48:22","slug":"seven-year-medcap-capital-holdings-ponzi-case-is-over","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/seven-year-medcap-capital-holdings-ponzi-case-is-over\/","title":{"rendered":"Seven-year MedCap Capital Holdings Ponzi case is over"},"content":{"rendered":"

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Seven-year MedCap Capital Holdings Ponzi case is over<\/h1>\n

With bankruptcy case concluded, investors stand to recover $400 million<\/h4>\n

Aug 25, 2016 @ 12:51 pm |\u00a0<\/span>By Bruce Kelly<\/a>\u00a0| Investment News<\/p>\n

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The seven-year unwinding of the billion-dollar Medical Capital Holdings Ponzi scheme is over, with swindled investors receiving more than $400 million.<\/p>\n

Last Friday in U.S. District Court, Central District of California, Judge David O. Carter issued his final judgment in the case, which began in July 2009 when the Securities and Exchange Commission sued Medical Capital for fraud.<\/p>\n

That lawsuit proved to be the death knell for dozens of small and mid-sized independent broker-dealers that sold the Medical Capital private placements and other private deals that soured. Swamped by the cost of investor complaints, many of the firms that sold the private placements closed.<\/p>\n

Article Located Here<\/a><\/p>\n

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    Seven-year MedCap Capital Holdings Ponzi case is over With bankruptcy case concluded, investors stand to recover $400 million Aug 25, 2016 @ 12:51 pm |\u00a0By Bruce Kelly\u00a0| Investment … <\/p>\n

Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":8615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2744],"tags":[],"class_list":["post-8690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-topic"],"acf":[],"yoast_head":"\nSeven-year MedCap Capital Holdings Ponzi case is over - Blue Vault<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qa.bluevaultpartners.com\/seven-year-medcap-capital-holdings-ponzi-case-is-over\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seven-year MedCap Capital Holdings Ponzi case is over - 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