Indiana Court of Appeals November 19, 1997, 79A02-9612-CV-764 (Chosnek v. Rolley)

OPINION

FRIEDLANDER, Judge.

A Ponzi scheme is a type of fraud involving a series of investors in which the resources of the later investors are used to fund obligations to the earlier investors, resulting in a pyramiding of the liabilities of the investment enterprise. This action essentially involves a dispute between two victims of such a scheme.