6/12/2010
Can't Wait That Long, Ponzi Victims Say - Gaddel Enterprises, bilked thousands of people in a $7.3 million

PHILADELPHIA (CN) - A class action claims Lizette Morice and her company, Gaddel Enterprises, bilked thousands of people in a $7.3 million Ponzi scam, to which she pleaded guilty, and offered to pay restitution of $25 per quarter, which would allow her to pay it off in 72,000 years. The class sued 106 "winner defendants" who allegedly "reaped enormous profits" from the scheme, in Philadelphia Federal Court.

The class's lead attorney is Charles Kocher with Saltz, Mongeluzzi, Barrett & Bendesky.

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