Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Wednesday, April 23, 2025

View Back issues

Can't Wait That Long, Ponzi Victims Say

PHILADELPHIA (CN) – A class action claims Lizette Morice and her company, Gaddel Enterprises, bilked thousands of people in a $7.3 million Ponzi scam, to which she pleaded guilty, and offered to pay restitution of $25 per quarter, which would allow her to pay it off in 72,000 years. The class sued 106 “winner defendants” who allegedly “reaped enormous profits” from the scheme, in Philadelphia Federal Court.     The class’s lead attorney is Charles Kocher with Saltz, Mongeluzzi, Barrett & Bendesky.

Categories / Uncategorized

Subscribe to our free newsletters

Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.

Loading...