This post got me banned from BFL forums, which I totally expected. Are any of you lawyers? When BFL goes bankrupt will my US$60K+ refund get clawed back?
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TOPIC: Refund Clawbacks when BFL goes Bankrupt
Some people got out of Bernie Madoff's ponzi scheme before the bottom fell out and came out whole, or way ahead.
After the whole Madoff thing fell apart, those who still had investments with him had pennies or less on the dollar to recover. Lawyers for those unlucky investors have tried suing other investors who got out in time to improve the settlement for their clients.
So ... in this SIMILARLY FRAUDULENT SITUATION here, when BFL goes bankrupt and doesn't have enough to refund all the Monarch pre-orders, will lawyers go after some of the refunds handed out earlier? Of course, a ruling of FRAUD will mean some personal assets of BFL staff might be in play, too, for settlements. I wonder how discovery of BTC assets will go in that case?