Fraudster’s Appeal in Wrong Court No Excuse for Missing Deadline

A Ponzi schemer who asked the wrong court to review an SEC in-house judge’s ruling against him won’t get a pass for missing the correct court’s filing deadline, the D.C. Circuit said Tuesday.

Bernerd Young asked the D.C. Court of Appeals—the equivalent of a state appellate court—to review the Securities and Exchange Commission decision when he should have gone to a federal appellate court, the U.S. Court of Appeals for the D.C. Circuit said. Young’s mistake doesn’t entitle him to a delay in the statute of limitations, the court said.

An SEC administrative law judge found Young liable for ...