About a week after online trading major Interactive Brokers reiterated its opposition to claims that it aided a Ponzi scheme, the Court has sided with the broker and has granted its motion to dismiss the case. In this case, Benjamin Chang sues Interactive Brokers on behalf of himself, and other victims of a Ponzi scheme devised by Haena Park and conducted on Interactive Brokers LLC’s trading platform. Chang alleges that IBKR aided and abetted Park in facilitating her fraudulent scheme and breaching her fiduciary duties to her investors, resulting in the loss of over $14 million of investor contributions. IBKR moved ... (full story)