Litigation
Jun. 24, 2000
Six-Year Teachers' Suit Still Haggling Over Receivership
SANTA ANA - For 20,000 California teachers, their lesson in retirement planning and finance came the hard way. Victims of an alleged Ponzi scheme that materialized during the heyday of the California real estate boom during the 1970s and ' 80s, the educators invested hundreds of millions of dollars with the now defunct Teachers Management & Investment Corp .
SANTA ANA - For 20,000 California teachers, their lesson in retirement planning and finance came the hard way.
Victims of an alleged Ponzi scheme that materialized during the heyday of the California real estate boo...
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