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$195 Million Jury Award in a Suit Against a Fraudulent Fund Manager

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2010 – Podhurst Orseck secured a jury award valued at $195 million in a case brought against a Miami-based Latin American banker who defrauded investors in a mutual fund he managed. The mutual fund’s investors included a nunnery that cared for orphaned children and an investor who took his own life because of the losses from the scheme and their impact on his family.