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Tag Archives: Vincent Singh

Vincent Singh, Sister Made Bollywood Rom-Com

Posted in Bankruptcy Clawback News, Ponzi Profiles

The sister of Northern California resident Vincent Thakur Singh, recently convicted in Sacramento for operating a $20 million investment scam, has turned out to be worthy competition for her sibling in matters of fraud. Sushila Devi Mosese of Auckland, New Zealand, pleaded guilty in that nation’s court system to embezzling $4.5 million from her employer…. Continue Reading

Vincent Singh Pleads Guilty in $20 Million Ponzi Scheme

Posted in Bankruptcy Clawback News, Ponzi Profiles

An Elk Grove, CA, man has admitted he engineered a $20 million Ponzi scheme that devastated the local ethnic Indian-Fijian community in Northern California. Vincent Thakur Singh, 45, pleaded guilty in US District Court last Thursday to single counts of wire fraud and making false statements in a bankruptcy. A wire fraud charge carries a… Continue Reading

Sacramento Residents Continually Targeted by Investment Fraud

Posted in Legal Representation, Ponzi Video

The Sacramento area is unfortunately no stranger to investment fraud, as the news headlines regularly attest. Scammers use a variety of techniques and ruses to steal other people’s money under the guise of business ventures, oftentimes preying upon affinity groups like ethnic communities and churches. The Greater Sacramento Area includes seven California counties: Sacramento, Yolo,… Continue Reading

Usury Claims in Doubt in CA Ponzi Clawback Case

Posted in Bankruptcy Clawback News, Legal Representation

In July and August 2012, bankruptcy Trustee Michael Burkart brought over one hundred clawback lawsuits in the underlying bankruptcy case In Re Vincent Thakur Singh, et al., U.S. Bankruptcy Court, Eastern District of California, Case No. 10-42050, against nearly 200 people who were defrauded in an elaborate Ponzi scheme orchestrated by Vincent Singh.  The vast… Continue Reading

Contingency Fees, Adversary Claims and Ponzi Cases

Posted in Bankruptcy Clawback News, Legal Representation, Ponzi Analysis

The contingency fee system is a litigation reality unique to the United States. This system plays a significant role in the selection and prosecution of civil cases, including the prosecution of adversary claims against investors and/or victims of Ponzi schemes. While it is true that contingency fees can allow the poor and impoverished a “key… Continue Reading

Good Judgment Comes from Experience…

Posted in Ponzi Analysis

And experience comes from bad judgment. As news headlines attest every week, many people get burned by Ponzi schemes. There’s also an unwarranted assumption about victims of investment fraud: that they somehow deserved to get scammed, that they were stupid and greedy. Yet in a great number of cases, neither accusation is true. Let’s take… Continue Reading

After Ponzi Indictment Vincent Singh Detained Over Flight Risk and Death Threats

Posted in Bankruptcy Clawback News, Legal Representation, Ponzi Profiles

Today in Sacramento Vincent Singh, indicted for a $20 million Ponzi scheme that defrauded around 200 victims, was ordered by District Judge Edmund Brennan to remain in jail until pre-trial hearing in January. Singh’s loan business Perfect Financial went bankrupt in May 2010 after he gambled away $12 million in client funds and could no… Continue Reading

Accused Ponzi Schemer Vincent Singh Arraigned in Sacramento

Posted in Bankruptcy Clawback News, Legal Representation, Ponzi Profiles

Vincent Thakur Singh, indicted for fraud in an alleged Ponzi scheme that defrauded nearly 200 victims of $20 million, has been arraigned in court in Sacramento. He had been arrested in Idaho in October upon his indictment and was transported back to California by US Marshals last week. Singh, once the head of Perfect Financial… Continue Reading

Ponzi Schemes Harm Local Ethnic Communities

Posted in Bankruptcy Clawback News, Legal Representation, Ponzi Analysis

As investment frauds continue to make the news across American cities, a clear pattern emerges among a number of these scams. Ethnic communities are often the target of Ponzi schemers and form a key segment of affinity fraud victims. These groups can fall prey to scams due to the following factors: A smaller subsection of… Continue Reading

Accused Ponzi Schemer Vincent Singh Was Provided a Federal Public Defender

Posted in Bankruptcy Clawback News, Legal Representation, Ponzi Analysis, Ponzi Profiles

On October 17th, the day after his arrest in Idaho, accused Ponzi schemer Vincent Thakur Singh was provided a federal public defender during his detention hearing. Singh has been indicted by a Federal Grand Jury in Sacramento for numerous counts of fraud – the detention hearing documents indicate that he will seek court-appointed counsel when… Continue Reading

Hackard Law Defends Over Half of Singh Ponzi Scheme Victims from Clawback Lawsuits

Posted in Bankruptcy Clawback News, Legal Representation, Ponzi Profiles

The following post is from our October 23rd PR Newsire press release. Vincent Thakur Singh filed bankruptcy in the U.S. Bankruptcy Court in Sacramento on August 19, 2010. At the time of Singh’s filing he listed unsecured obligations to creditors in excess of $22,000,000. By the end of August 2012 – the two-year anniversary of Singh’s bankruptcy filing… Continue Reading

Vincent Singh Ponzi Bankruptcy Tests Validity of Usury Claims in Clawback Litigation

Posted in Bankruptcy Clawback News, Legal Representation, Ponzi Analysis

Today at Forbes, attorney and top authority on investment fraud Jordan Maglich has delivered an excellent analysis on the use of lending laws in clawback suits. Maglich examines the recent employment of usury statutes by Court-Appointed Trustees to seize funds from investors in the wake of a Ponzi scheme’s bankruptcy. A trustee or receiver will… Continue Reading

Vincent Thakur Singh Ran $20 Million Ponzi Scheme, Defrauded Investors Through “Perfect Financial Group”, Says Federal Indictment

Posted in Bankruptcy Clawback News, Legal Representation, Ponzi Profiles

Vincent Thakur Singh has been indicted on multiple counts of wire fraud, false statements and bribery. Arrested in Idaho on Monday, Singh is accused of operating a Ponzi scheme. Under the cover of his company Perfect Financial Group, he is said to have preyed on nearly 200 fellow members in California’s Indian-Fijian community to defraud… Continue Reading