A federal court in the United States has entered a $130 million judgment against a businessman who perpetrated an investment fraud using several offshore structures.
The judgment, entered on June 6, 2003 at the U. S. District Court for the Western District of Virginia, requires Terry Dowdell to pay disgorgement of $121.2 million, $8.6 million in prejudgment interest and a fine of $1 million.
$130 million judgment against securities fraudster
21 years ago
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