Judgment entered in alleged Ponzi scheme

Michael Tremoglie Jul. 23, 2012, 9:21am

DALLAS (Legal Newsline) - A final judgment against Ilya Drapkin was entered July 6 in Texas federal court that permanently enjoins him from violating federal securities laws and orders monetary relief.

Drapkin and his company MGTK Corp. will pay $3,754,004 in disgorgement and prejudgment interest and a civil penalty of $1,554,080.

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