Florida Court Orders Receiver in Goliath Crypto Ponzi Cases (1)

A Florida state judge has ordered a receiver to take over the assets of Goliath Ventures in hopes that it will preserve some of the roughly $328 million tied up in an alleged crypto currency Ponzi scheme.

Broward County Circuit Court Judge Michael A. Robinson issued a nine-page ruling Tuesday granting an emergency motion to put Michael S. Budwick, a partner at Miami firm Meland Budwick PA, in charge of the business.

“This receivership is a critical victory that will provide participants in the Goliath scheme with something they have been denied for far too long: clarity and ...