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Ritchie Capital investors waited too long to sue audit firm McGladrey for allegedly helping Ponzi scheme: Appeals panel

By Scott Holland | Friday, Jan 3, 2020 @ 6:13pm

A state appeals panel has upheld the dismissal of a $100 million lawsuit in which a suburban investment group accused auditing firm McGladrey of steering its investments into a Ponzi scheme.
Ritchie Capital demands $100M from McGladrey auditing firm for aiding convicted Ponzi schemer Petters

By Jonathan Bilyk | Tuesday, May 16, 2017 @ 9:21pm

Suburban Chicago capital investment group Ritchie Capital Management is demanding Bloomington, Minn.-based auditing firm McGladrey & Pullen, and related defendants, pay at least $100 million for the firm’s alleged role in helping to steer hundreds of millions of dollars in investments into a massive multi-billion dollar Ponzi scheme with convicted businessman Thomas Petters.