|By Kevin McCallum, The Press Democrat, Santa Rosa, Calif.|
The ruling represents a remarkable victory for investors in AGA Financial, who for years had been told there was little hope they would recoup any of their millions in losses.
AGA Financial, which collapsed in 2008, was not the target of Thursday's decision. Instead, Judge
The judge had earlier found that
The judge ruled following a two-week hearing to determine to damages. Plaintiffs had asked for
AGA Financial was an integral part of a massive real-estate Ponzi scheme that bilked more than 2,000 people out of at least
Many of the victims have applied for restitution through a state fund that may grant them up to
Check back later today for more details on this story.
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|Source:||McClatchy-Tribune Information Services|